Suez canal revenue drops due to Houthi attacks, says Egypt's president
During the Egypt Energy Show's seventh edition, President Abdel-Fattah El-Sisi highlighted a significant decline in Suez Canal revenue, attributing a 40-50% drop this year to Houthi attacks on Red Sea shipping. The fiscal year 2022/2023 saw the canal generating a record $9.4 billion, marking it as a critical foreign currency source for Egypt, alongside tourism and remittances.
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