Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldSuez Canal arrivals halve...
February 4, 2024

Suez Canal arrivals halve due to Iran-backed Houthi attack

By David
Facebook
Twitter
Pinterest
WhatsApp


    Suez Canal profits have nearly halved due to attacks by the Iran-backed Houthis.

    .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }

    .

    Bloomberg writes about this.

    Last month, the channel’s revenue in Egypt was approximately $428 million. compared to 804 million for the same period in 2023.

    The number of ships plying the canal fell by 36%.

    The Suez Canal, the shortest sea route between Asia and Europe, is an important source of foreign currency for Egypt, receiving about $10.25 billion. in 2023.

    Before the violence, which forced companies such as A.P. Moller-Maersk A/S and Hapag-Lloyd AG to change logistics, the country was working to expand the waterway.

    This is the first time that the Suez Canal has fallen into such a crisis, said Osama Rabi, chairman of the canal’s board. — Previously, we recorded every month better than the previous one and every year better than the previous ones.

    The fall is the latest headache for the North African country, which was already grappling with its worst economic crisis in decades before the Israeli-Hamas war broke out in October and threatened to derail trade and tourism.

    Iran-backed Houthi militias in Yemen, who began attacking merchant shipping in response to the Gaza conflict, have not eased pressure even after the US and its allies launched airstrikes on January 12.

    Read also

    Oil prices rose to their highest level two months after a new Houthi attack on a tanker.

    world News

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Zelensky talked about a meeting with Duda

    The Russian Federation will be reconstructed in the scanks of the T-62 from not

    SBU reported in a successful special operation in Crimea

    In Germany, “they lost” 900 million for weapons in Ukraine

    • Tags
    • Egypt
    • Near East
    • Yemen

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    When Christian Bale opened up about the brutal end of his romance with Drew Barrymore after a failed date
    Next article
    Defense Forces Destroy Russian Drone Control Center

    More from Author

    World

    Zelensky talked about a meeting with Duda

    David -
    World

    The Russian Federation will be reconstructed in the scanks of the T-62 from not

    Large irreversible losses of weapons and military...
    David -
    World

    SBU reported in a successful special operation in Crimea

    David -
    World

    In Germany, “they lost” 900 million for weapons in Ukraine

    David -

    - A word from our sponsors -

    Read Now

    Zelensky talked about a meeting with Duda

    The Russian Federation will be reconstructed in the scanks of the T-62 from not

    Large irreversible losses of weapons and military equipment during the war against Ukraine force Russia to resort to massive reconciliation of obsolete military vehicles. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

    SBU reported in a successful special operation in Crimea

    In Germany, “they lost” 900 million for weapons in Ukraine

    Two children were injured as a result of an explosion in Kharkovshina

    During the attack of Iran on Izrail USA, 15% of the stones of the Amal stones Thaad Rockkets were accelerated

    The United States spent 15–20% of their world missiles in Taada in just 11 days, protecting Israel from Iranian missiles. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was...

    Lettl is something new: a blow to a teenager Dnipra is quoted in the air forces

    The military -air forces commented on the Dnieper blow on the afternoon of June 28. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On Saturday, monitoring channels reported a hit...

    Zelensky gives doubt the order of freedom

    Ended in the time of a night attack in Odessa was a teacher and his husband (photo)

    In Odessa, the teacher and social pedagogy of the Mikhailovsky lyceum Katerina Bosinskaya and her husband Valentine were killed as a result of shelling. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

    Ministers Cabinet approved a budget declaration for three years

    The rocket lab brought a “secret” satellite to orbit

    Mathematics from them have stood: Standed results NMT-2025 Images

    This year, more than 284 thousand participants out of 312 thousand thousand took part this year. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } At the same time, the largest...
    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times