On the 26th, Egyptian President Sisi stated that in 2024, the regional tensions led to a revenue reduction of about 7 billion dollars for Egypt's Suez Canal compared to the previous year. According to a statement issued by the Egyptian presidential office, Sisi mentioned that the revenue loss for the Suez Canal in 2024 is over 60% compared to 2023. He said that the current tensions in the Red Sea and the Strait of Mandeb are the main reasons for the sharp decline in canal revenues. He instructed to continue commitment to canal development projects, optimize navigation services, and enhance the canal's role as a significant pillar of global trade traffic. (Xinhua News Agency)
地区紧张局势致苏伊士运河减收约70亿美元
The regional tension has caused a revenue loss of approximately 7 billion dollars for the Suez Canal.
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