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Egypt

Suez Canal revenue collapse: Egypt suffers major blow in 2024

Suez Canal revenue collapse: Egypt suffers major blow in 2024

Officials announced Wednesday that Egypt’s Suez Canal revenue plunged by nearly two-thirds in 2024, citing escalating regional tensions and ongoing Middle East conflicts as the primary causes of the sharp decline in maritime traffic through the vital waterway. The Suez Canal, a key artery for international trade, has long been a critical source of foreign…

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