Egyptian President Abdel Fattah al-Sisi revealed that revenues from the Suez Canal have dropped by 40-50% in 2024 due to attacks on shipping by Yemen's Houthi militia. The canal, vital for Egypt's economy, usually brings in around $10 billion annually.
Egyptian President Abdel-Fattah al-Sisi said on Monday that the Suez Canal's revenues have decreased by 40-50% since the outbreak of the war on the Gaza Strip and the recent tensions in the Red Sea, adding the shipping corridor used to bring Egypt $10 billion annually. https://t.co/vw7FlE39DQ
Egypt’s Sisi: Suez Canal revenue down as much as 50% over Red Sea attacks, @Adam_Lucente reports https://t.co/IuyyACf0UK
Al Ahram 20 Feb 2024: "Egypt’s Suez Canal revenue has dropped 40-50% in 2024.. In 2022/2023 fiscal those revenues were $9.4B [Vital for economy] "The Houthis...not recognized internationally, have repeatedly targeted Israel-linked vessels". Untrue: all vessels. No mention of Iran
On Monday, Egyptian President Abdel Fattah al-Sisi said Houthi attacks on ships in Red Sea caused revenues from Suez Canal to DECREASE by 40% - 50% so far this year The Suez Canal accounts for about 15% of world trade - lsraeI basically kiIIed its economy over Oct 7 - Egypts too https://t.co/47rDguamEj
Suez Canal revenues down by half: Al-Sisi Read more: https://t.co/xP9yTqiGpA #EGYPS2024 https://t.co/Nk1WPKVnCG
Suez Canal revenues down by half: Al-Sisi Read more: https://t.co/xP9yTqiGpA https://t.co/NGCp08BZyl
❗️Suez Canal revenues will decline by 30-40% in 2024 due to Houthi strikes on shipping - Egyptian President El-Sisi https://t.co/4q3OV5KZzp
Houthi Attacks Cut Suez Canal Revenue By 40-50%: Egypt President https://t.co/C7Pz5dtvlb https://t.co/cH5KnNviqz
🇪🇬⚡ Egyptian President al-Sisi: “Suez Canal revenues slashed by 30-40% in 2024 due to Houthi Strikes on shipping.” https://t.co/tyz9EsnHvH
NEW: Huthi attacks cut Suez Canal revenue by 40-50%: Egypt’s Sisi https://t.co/GuRVE97g4c
The president of Egypt El-Sisi announced today that since the start of the Houthi aggression in the Red Sea, his country's revenue from the Suez canal dropped by half. I know that Yemen is Egypt's Vietnam, but I wonder if they plan to do something about it...
Houthi attacks cut Suez Canal revenues by 40-50 % #terrorism https://t.co/3JCPiPlVNS
Egyptian President Abdel Fattah al-Sisi says that revenues from the #SuezCanal had “decreased by 40 to 50 percent” so far this year due to attacks on shipping by Yemen’s #Houthi militia. https://t.co/2c3FSuNizb https://t.co/bzMceSCTEw