Suez Canal Revenue Plummets 60% Amid Red Sea Attacks

The Suez Canal faces unprecedented challenges as regional instability disrupts global shipping. Recent data shows a 60% drop in revenue and a 49% decline in ship traffic since early 2024. These figures spell trouble for Egypt’s economy and international commerce. Osama Rabie, head of the Suez Canal Authority, points to the Red Sea’s growing instability […]