Business
Undoubtedly, the Suez Canal is one of the world’s most important maritime chokepoints. Around 30 percent of total global container trade passes through the Canal, while each year, more than USD one trillion worth of goods pass through the narrow stretch of water connecting Asia and Europe. For Egypt, the Canal provides a vital source of foreign currency. According to the Suez Canal Authority (SCA), the waterway generated USD 40 billion in revenue from 2019 to 2024. For the 2025/2026…
