The third tranche will be disbursed to Egypt within days, as part of an agreement worth $8 billion that was approved in March.
Recently, the Chairman of the Suez Canal Authority, Osama Rabie, disclosed that because of red sea’s attacks, the Suez Canal's revenue experienced a decline in January 2024. The revenue dropped by 46.7%, amounting to $428 million compared to $804 million in January 2023
