The Impact Of Decreased Suez Canal Revenues On Egypt’s Financial Stability

The Suez Canal is vital to the Egyptian economy, contributing 2% to the national Gross Domestic Product (GDP).
The current crisis in the Red Sea and Suez Canal region poses a substantial threat to the country’s financial well-being.
Recent military actions by the US and UK in Yemen raise fears of further escalation in the region.
Dollar revenues from the Suez Canal have witnessed a significant 40% decrease in the current year compared to 2023.

Crisis At The Suez Canal

Chairman and managing...