Team Osama Rabei Clarifies Strait Impact
The Suez Canal experienced a 10% increase in the number of passing ships, along with a 22% rise in cargo volumes, leading to a 23% increase in canal revenues, reaching approximately $4 billion. Commander Osama Rabi' confirmed that the closure of the Strait of Hormuz did not significantly impact the Suez Canal, but the Bab el-Mandeb Strait did affect maritime movement. He also noted an improvement in traffic flow following the peace agreement in Sharm El-Sheikh, as well as directives from President Sisi to develop the fishing and yachting sectors, in addition to manufacturing river buses for Cairo Governorate.
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