The Egyptian currency has been affected by Houthi attacks on shipping, leading to a sharp decline in Suez Canal trade volume. The International Monetary Fund director reported a $100 million monthly decline in Suez Canal revenues. Revenue for Egypt’s Suez Canal plunged by almost half in January due to attacks by Yemeni militants, leading to a drop in income to $428m compared to $804m in 2023. The number of ships navigating the canal fell by 36% as major shipping firms avoided the waterway.
Revenue for Egypt’s Suez Canal has dropped by almost half in January after Yemen’s Houthis launched a series of attacks on ships. The Suez Canal Authority chief Osama Rabie said that the number of ships navigating the canal fell by 36% https://t.co/IPCDGT2msj
Egypt's income from the Suez Canal has been cut in half due to Yemeni Ansarullah attacks https://t.co/DNaaCEGlXM
Houthi attacks have forced major shipping firms to avoid Egypt’s Suez Canal, causing income to drop to $428m last month, in comparison to $804m for the same period in 2023, the Suez Canal Authority chief Osama Rabie said on Friday https://t.co/tyPBYMF5jy
Egypt's revenue from the Suez Canal has halved due to attacks by Yemen's Houthis https://t.co/Ae8nE9Iq7B
Revenue for Egypt’s Suez Canal has dropped by almost half in January after Yemen’s Houthis launched a series of attacks on ships in solidarity with Palestinians in Gaza, according to a top official https://t.co/srdaNoSEpe
Egypt's Suez Canal revenues plunge by almost half following Red Sea attacks https://t.co/symjvvp6id
#Egypt’s #SuezCanal revenue plunged by almost half in January, a top official says, after attacks by Yemeni militants on #RedSea vessels forced major shipping firms to avoid the waterway. https://t.co/lKuuwAlzU8
Egypt’s Suez Canal revenue plunged by almost half in January after attacks by Yemeni militants on Red Sea vessels https://t.co/CwFUNSaWFT
Director of the International Monetary Fund: Egyptian Suez Canal revenues declined in the first half of January at a rate of $100 million per month. https://t.co/yGN4JIWpjF
Egypt sees sharp decline in Suez Canal trade volume amid Red Sea turmoil, @JackvDutton reports https://t.co/u95LSj7EBQ
The Houthi attacks on shipping have tanked the Egyptian currency. Yikes. We all depend on the Suez Canal. https://t.co/sRbAbIEfbs