Red Sea Crisis Takes a Toll on Egypt's Shaky Finances
2024-02-21 12:49

Red Sea Crisis Takes a Toll on Egypt's Shaky Finances

"The effects of the Red Sea crisis are weighing on the national economy of Egypt, which gets a good share of its dollar currency for foreign exchange from the operation of the Suez Canal. Traffic on this strategic - and lucrative - waterway has dropped by half since the beginning of hostilities in the Red Sea, according to the nation's top leader." See the original story at: The Maritime Executive.

Source: The Maritime Executive