Egypt says Suez Canal revenues down 40-50% amid Red Sea tension
Egyptian President Abdel-Fattah al-Sisi said Monday that Suez Canal revenues have dropped 40-50% amid tensions in the Red Sea.
“The Suez Canal contributes about $10 billion annually to Egypt, but its revenues dropped 40-50%,” Sisi said at the opening of the annual Egypt Energy Show in Cairo.