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