In the early months of 2024, Egypt's strategic waterway, the Suez Canal, encountered unprecedented challenges that sent ripples through global trade routes. The canal, a critical artery for the flow of goods between the East and West, saw a significant downturn in revenue and ship traffic, largely due to the security concerns stemming from Houthi attacks in the Red Sea.
Despite these adversities, Egypt's finance minister, Mohamed Maait, expressed a cautiously optimistic outlook, underscoring the country's resilience and strategic responses to these challenges.
