Attacks by Houthi rebels in the Red Sea scared off many of the shipping firms that used the Suez Canal, depriving Egypt’s ailing economy of vital revenue.
The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe financial crisis. Since November, the Iran-backed Houthis have launched numerous attacks on vessels in ...
Egypt is carrying out a feasibility study on further expanding the Suez Canal in a push to speed up transit times and avert potential blockages in a waterway that carries 12% of global maritime trade.
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. CAIRO (AP) — A tanker transporting crude oil ...
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