#suez canal
Revenues from Egypt's Suez Canal have plunged to USD 7.2 billion (EGP 347.4 billion) for the fiscal year 2023/2024, down from USD 9.4 billion (EGP 453.5 billion) in the previous year, amid escalating tensions in the Red Sea, announced Osama Rabie, Chairman of the Suez Canal Authority (SCA), during a meeting with on Thursday. Rabie revealed that 20,148 ships, transporting a net of one billion tons, traversed the canal in FY 2023/2024, which ended on 30 June. This is a…
