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Red Sea Crisis Costs Egypt $7 Billion in 2024
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, says Project44.
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
Red
Sea
disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday. Revenue from the vital international waterway is down over 60 ...
Regional challenges cost Egypt around $7 billion of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023,
Egypt commits to boosting private sector role as it loses $7bn in Suez Canal revenue this year
Egypt lost roughly $7 billion in revenues from the Suez Canal, down about 60 per cent annually, mainly as a result of attacks by Yemen's Houthis on ships in the Red Sea, Egyptian President Abdel Fattah El-Sisi said on Thursday.
2d
on MSN
Houthi attacks in Red Sea develop into ‘new normal’
The Houthis attacks on vessels transiting the waterways off Yemen’s coast have become a “new normal” in the region, ...
5d
U.S. Navy crew ejects safely after fighter jet shot down over Red Sea by likely "friendly fire," officials say
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
4d
on MSN
Fog of war: The US Navy's Red Sea Super Hornet shootdown is this fight's 2nd friendly-fire incident
The incident, though there are still many unknowns, underscores the risks of friendly fire in intense combat, especially a ...
5d
on MSN
Two US Navy pilots eject safely over Red Sea after fighter jet shot down in apparent friendly fire incident
Two US Navy pilots ejected safely after their fighter jet was shot down over the Red Sea on Saturday in an apparent friendly ...
5d
U.S. ship shoots down jet in friendly fire over Red Sea, military says
Two service members ejected above the Red Sea after a warship fired on their aircraft, according to U.S. Central Command.
5d
U.S. Fighter Jet Shot Down Over Red Sea by Apparent Friendly Fire
A U.S. Navy ship mistakenly shot down an American fighter jet over the Red Sea early Sunday, the U.S. military said, ...
5d
on MSN
US warplane shot down in Red Sea 'friendly fire' incident
An American fighter jet has been shot down over the Red Sea in an apparent "friendly fire" incident, the US military has said ...
5d
Two US Navy pilots shot down over Red Sea in apparent ‘friendly fire’ incident, US military says
Two US Navy pilots were shot down Sunday over the Red Sea in an apparent “friendly fire” incident, the US military said, ...
5d
on MSN
2 US Navy pilots shot down over Red Sea in ‘friendly fire’ incident
The guided missile cruiser USS Gettysburg, which is part of the USS Harry S. Truman Carrier Strike Group, mistakenly fired on ...
2d
Beyond Red Sea friendly fire, a curious case of tech, miscommunication and human cost
A recent friendly fire incident in the Red Sea, where a US Navy ship mistakenly shot down a fighter jet, shows the ongoing ...
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Houthis
Navy
Egypt
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