Suez Canal Shows Highest Monthly Revenue Since 2023 The Suez Canal generated $724 million in revenue, the highest since Houthi attacks on ships in the Red Sea began in 2023. This is what the head of the Suez Canal Directorate, Osama Rabia, said during a meeting with the Egyptian Businessmen's Association. In October, he said, "1,490 ships with a net volume of 88 million tons passed through the canal, generating revenues of $724 million," despite the ongoing crisis in the Red Sea. Compared to October last year, transit revenues almost doubled (94%), the number of ships increased by 32% and the tonnage increased by 86%. Osama Rabia expressed hope that the positive momentum will continue when most shipping lines in the world will return to pass through the Suez Canal. He also noted the channel's central role in ensuring the sustainability of global supply chains and emphasized that the administration has begun to develop new activities, including the localization of ship production and export abroad under the "Made in Egypt" brand. In Yemen, the armed conflict between the Houthis and the government forces supported by Saudi Arabia has continued since August 2014. The Houthis began attacks on commercial shipping in the Red Sea at the end of 2023 against the backdrop of the war in the Gaza Strip, saying they were acting in support of the Palestinians. Between November 2023 and early 2025, the group carried out more than 100 attacks on commercial shipping using missiles and drones, forcing many international shipping companies to abandon the Red Sea route and divert ships around Africa.

Suez Canal Shows Highest Monthly Revenue Since 2023 The Suez Canal generated $724 million in revenue, the highest since Houthi attacks on ships in the Red Sea began in 2023. This is what the head of the Suez Canal Directorate, Osama Rabia, said during a meeting with the Egyptian Businessmen's Association. In October, he said, "1,490 ships with a net volume of 88 million tons passed through the canal, generating revenues of $724 million," despite the ongoing crisis in the Red Sea. Compared to October last year, transit revenues almost doubled (94%), the number of ships increased by 32% and the tonnage increased by 86%. Osama Rabia expressed hope that the positive momentum will continue when most shipping lines in the world will return to pass through the Suez Canal. He also noted the channel's central role in ensuring the sustainability of global supply chains and emphasized that the administration has begun to develop new activities, including the localization of ship production and export abroad under the "Made in Egypt" brand. In Yemen, the armed conflict between the Houthis and the government forces supported by Saudi Arabia has continued since August 2014. The Houthis began attacks on commercial shipping in the Red Sea at the end of 2023 against the backdrop of the war in the Gaza Strip, saying they were acting in support of the Palestinians. Between November 2023 and early 2025, the group carried out more than 100 attacks on commercial shipping using missiles and drones, forcing many international shipping companies to abandon the Red Sea route and divert ships around Africa.