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
13 perish in highway bus crash in central Iran
- Eleven bus passengers and two people who were in the taxi were killed in the crash, while six women and seven men were hospitalized, IRNA said
TEHRAN: A passenger bus overturned, killing 13 people and injuring over a dozen others on a highway in central Iran, state-run IRNA news agency reported.
The bus was traveling late Monday from Isfahan to the northeastern city of Mashhad when it struck the highway’s central guardrail, crossed into the opposite lane and collided with a taxi before flipping over, police said.
Eleven bus passengers and two people who were in the taxi were killed in the crash, while six women and seven men were hospitalized, IRNA said.
Emergency teams, including ambulances and rescue units, were dispatched to the site shortly after the crash.
Iran has one of the world’s worst traffic safety records, with some 20,000 deaths annually.
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