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Egyptian President Abdel Fattah al-Sisi and U.S. President Donald Trump discussed mediation efforts to restore regional calm, which would have a positive impact on Red Sea navigation and end economic losses for all parties, the Egyptian presidency said on Tuesday. The Iran-aligned Houthis have carried out more than 100 attacksContinue Reading

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Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian President Abdel Fattah al-Sisi said on Thursday. Egypt lost more than 60% of the canal’s revenues in 2024 compared with 2023, Sisi added in his statement, without goingContinue Reading

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