Egypt
Egypt's Minister of Foreign Affairs Badr Abdelatty announced during the Rome MED-Mediterranean Dialogues conference on Wednesday, 20 November, that the Suez Canal revenues have fallen by USD 8 billion (EGP 396.78 billion) since Israel’s war on Gaza began. Abdelatty attributed the decline to ongoing geopolitical tensions in the region. Repeated Houthi-led attacks near Bab El-Mandeb Strait, aimed at pressuring Israel into halting its Gaza offensive, have further disrupted navigation routes, directly impacting Suez Canal traffic. He added that the decline…
