Suez Canal revenues drop as shippers stay away amid Houthi attacks

added blog Economy - Finance

2024-07-20 03:54:06 - Translate

Waterway is a crucial source of foreign currency for Cairo, but shipping firms have been taking alternative routes since Iran-backed rebels started attacks in solidarity with Hamas The Suez Canal’s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by the Iran-backed Houthis in the Red Sea and...

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