Suez Canal Authority says stability returning to Red Sea
Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning ...
Hosted on MSN1mon
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the ... be impacted by the Red Sea crisis into the fourth quarter.
International Monetary Fund9y
Northwest of Suez: The 1956 Crisis and the IMF
Abstract: Egypt's nationalization of the Suez Canal in 1956 and the failed attempt by France, Israel, and the United Kingdom to retake it by force constituted a serious political crisis with ...
Business Insider14y
A Deep Look At Oil Tankers And The Suez Canal In The Wake Of The Egyptian Crisis
of some of the underlying causes of the current Egyptian crisis is cogent ... “While Suez closure is not much of a threat, shippers are refusing to load in the Red Sea and transit the Canal ...
Anadolu Ajansi26d
Red Sea crisis on shipping costs, rates 'dramatic': UN
"And on top of all this, now we have the Red Sea crisis," he added. Red Sea route and the Suez Canal are "critical" for global trade flows, he said, adding: "Suez Canal handles approximately 12% ...
TASS12mon
Suez Canal revenues down nearly 50% due to crisis in Red Sea — Egyptian president
TASS/. The Suez Canal’s revenues dropped by at least 40-50% amid the recent developments in the Red Sea, President of Egypt Abdel Fattah al-Sisi said. "The situation in the Gaza Strip and events ...