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Egypt's Suez Canal revenues fell by over 60% in 2024, losing about $7 billion due to regional challenges.
Egyptian President Abdel Fattah al-Sisi reported a more than 60% drop in Suez Canal revenues in 2024, amounting to a loss of around $7 billion.
This decline is attributed to regional challenges, particularly in the Red Sea and Bab al-Mandab Strait.
Al-Sisi instructed the Suez Canal Authority to continue developing the canal and improving navigation services to maintain its role in global trade.
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Los ingresos del Canal de Suez en Egipto cayeron en más del 60% en 2024, perdiendo cerca de $7 mil millones debido a los desafíos regionales.