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Suez Canal's revenues plummet by 60% in 2024

Revenues from the Suez Canal dropped by over 60% year on year (YoY) in 2024, resulting in an estimated $7 billion loss for Egypt.

Updated 12/29/2024 6:46:00 AM
Egypt faces $6B loss in Suez Canal revenues amid geopolitical tensions: El-Sisi

Egypt has lost $6 billion in Suez Canal revenues over the past seven to eight months due to escalating geopolitical tensions in the region, President Abdel Fattah El-Sisi stated during the 2024 graduation ceremony of the Police Academy on September 29th.

Updated 9/29/2024 1:24:00 AM