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Red Sea attacks

FinMin expects Suez Canal revenues to decline by 60%

He emphasized that the expenditure on supporting petroleum resources has surged, nearing EGP 200 billion.

Suez Canal revenues fell by 50% due to Red Sea tensions | PlanningMin

Suez Canal revenues amounted to $10 billion in 2023, but they witnessed a sharp decline in 2024, after a large number of ships diverted to the Cape of Good Hope to avoid the Red Sea attacks.