See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Egypt’s Sissi says revenues from Suez Canal have dropped 40%-50% over Houthi attacks

Posted on AllSides February 19th, 2024
From The Center

Egyptian President Abdel Fattah al-Sissi says revenues from the Suez Canal have “decreased by 40 to 50 percent” so far this year due to attacks on shipping by Yemen’s Houthi rebels. The canal is one of Egypt’s main sources of foreign currency, with Cairo gripped by a severe financial crisis. The Houthi attacks, which the group says are targeted at vessels with links to Israel in solidarity with the Palestinians in the war-torn Gaza Strip, have caused many major shipping firms to suspend passage through the Red Sea, which usually...

Read full story

The Times of Israel

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
You disagree.
Thank you! Community votes alone don't determine our ratings, but are valuable feedback and can prompt us to do more research.
127514/95123
See full bias rating for The Times of Israel
Learn about media bias
https://timesofisrael.com/liveblog_entry/egypts-sissi-says-revenues-from-suez-canal-have-dropped-40-50-over-houthi-attacks

More News about General News from the Left, Center and Right

From the Left

From the Center

From the Right