Photo by: Bloomberg
Egypt’s Suez Canal revenue plunged by almost half in January after attacks by Houthi militants on Red Sea vessels forced major shipping firms to avoid the waterway. Income was about $428-million last month compared with $804-million for the same period in 2023, Suez Canal Authority chief Osama Rabie told an Egyptian TV talk-show. The number of ships navigating the canal fell 36%, he said. Photograph: Bloomberg