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World

Egypt's revenue from the Suez Canal plunged sharply in 2024

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Egypt 's revenue from the Suez Canal plunged by almost two thirds last year .

The canal generated an annual revenue of $3.991 billion in 2024 , down from a historic high of $10.25 billion in 2023 .

Yemen ’s Iran -backed Houthi rebels started to threaten maritime trade and targeting vessels heading to Israel through the canal.