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Huthi attacks idle Suez Canal, deepen Egypt's economic woes

Attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis.Suez Canal revenues are especially vital for Egypt amid the economic crisis during which the local currency has lost half its value since March 2022 while inflation tops 35 percent.
Red Sea Djibouti General City Of United Kingdom Suez Canal As Suways
Source: yahoo.com

Huthi attacks idle Suez Canal, deepen Egypt's economic woes

Attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis. Suez Canal revenues are especially vital for Egypt amid the economic crisis during which the local currency has lost half its value since March 2022 while inflation tops 35 percent.
As Suways Suez Canal Red Sea Djibouti General Gaza Strip City Of
Source: legit.ng

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Houthi attacks idle Suez Canal, deepen Egypt's economic woes

Attacks by Yemen's Houthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis.International Monetary Fund figures show 35 percent less cargo was transported through the Suez Canal in the first week of 2024 compared with the same period last year.Analysts say the financial impact, though limited for now, will become painful if Houthi attacks keep throttling traffic through the main maritime art...
Gaza Strip Suez Canal As Suways United Kingdom City Of Red Sea

Russia's Crude Exports Start 2024 in Line With Pledged OPEC+ Cut

(Bloomberg) -- Russia’s seaborne crude shipments began 2024 exactly in line with Moscow’s pledge to cut the country’s exports as part of the wider OPEC+ effort to stabilize global oil markets.Most Read from BloombergIPhone Survives 16,000-Foot Fall, Helps Steer Jet-Panel HuntChinese Billionaire Is Second-Biggest Foreign Owner of US LandBoeing Slumps After Panel Blowout Leads to Partial 737 GroundingMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysEmirates&#x201...
Red Sea Djibouti General Orenburgskaya Oblast South China Sea Brunei General Saudi Arabia
Source: yahoo.com

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