Egypt's Suez Canal income falls amid Yemen Huthi attacks

Egypt's Suez Canal income falls amid Yemen Huthi attacks

Egypt's Suez Canal on Thursday reported a 23.4-percent drop in revenues attributed to disruptions in Red Sea shipping over the past year, marked by attacks from Yemen's Huthi rebels on Israeli-linked vessels.

The canal is a crucial source of foreign currency for Egypt, which is
currently grappling with a severe financial crisis.

Since November, the Huthis have launched numerous attacks on ships in the
Gulf of Aden and Red Sea.

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