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Arab News
Suez Canal recovery is critical to global trade and economic growth: Egyptian minister
CAIRO: In 2023, the Suez Canal earned $10.2 billion. A year later, after many of the world’s biggest shipping lines abandoned the Red Sea, it earned $4 billion. Now the ships, and the money, are coming back. Suez Canal revenues rose 23 percent to $4.67 billion in fiscal year 2025/26, as vessels returned after months of diversions around Africa. The question is whether they will stay. “The Red Sea is not really critical only for Egypt’s growth. It’s really critical for the global economy’s growth
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