Red Sea crisis costs Egypt $7bn as Suez Canal revenues plummet

But Egyptian president Abdel Fattah El-Sisi orders completion of projects

Egyptian President Abdel Fattah El-Sisi yesterday gave directives to continue the completion of the Suez Canal development projects.
Egyptian President Abdel Fattah El-Sisi yesterday gave directives to continue the completion of the Suez Canal development projects.Photo: New Democracy/Creative Commons 4.0
Published 27 December 2024, 10:56Updated 3 January 2025, 15:07
Red SeaEgyptSuez CanalSuez Canal Authority