CAIRO: Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah El-Sisi said on Thursday.
Egypt lost more than 60 percent of the canal’s revenues in 2024 compared with 2023, El-Sisi added in his statement, without going into details on the events.
Houthi fighters in Yemen have carried out nearly 100 attacks on ships crossing the Red Sea since November in solidarity with Palestinians in Israel’s more than year-old war in Gaza.
The attacks have forced shipping firms to divert vessels from the Suez Canal to longer routes around Africa, disrupting global trade by delaying deliveries and sending costs higher.
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Regional challenges cost Egypt around $7 bln of Suez Canal revenues in 2024, El-Sisi says
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Regional challenges cost Egypt around $7 bln of Suez Canal revenues in 2024, El-Sisi says
- Egypt lost more than 60 percent of the canal’s revenues in 2024 compared with 2023, El-Sisi said
Syria army enters Al-Hol camp holding relatives of miltants
- Al-Hol houses around 24,000 people, including 15,000 Syrians and about 6,300 foreign women and children of 42 nationalities
AL-HOL CAMP, Syria: Syria’s army on Wednesday entered the country’s vast Al-Hol detention camp that houses relatives of suspected Daesh militants, from which Kurdish forces withdrew the day before, according to an AFP journalist at the scene.
The correspondent saw a large number of soldiers open the camp’s metal gate and enter. Al-Hol houses around 24,000 people, including 15,000 Syrians and about 6,300 foreign women and children of 42 nationalities.
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