Red Sea crisis: Suez Canal reports 23.4 per cent drop in annual revenue
Cairo: The Egyptian Suez Canal’s annual revenue dropped by about 23.4 per cent in the fiscal year 2023/2024 due to the Red Sea crisis, Osama Rabie, chairman of the Suez Canal Authority (SCA), said in a statement on Thursday. “Revenues fell to 7.2 billion U.S. dollars in the fiscal year 2023/2024 that ended in June