Egypt's Sisi meets Saudi Crown Prince MBS, backs call for secure Red Sea navigation as Suez Canal revenues drop $7bn
Egyptian President Abdel Fattah el-Sisi met with Saudi Crown Prince Mohammed bin Salman (MBS) on Tuesday, expressing support for Saudi Arabia's call to ensure secure and unhindered navigation in the Red Sea. The meeting comes as Red Sea disruptions have significantly impacted Egypt's economy, with Suez Canal revenues falling by approximately $7 billion between 2023 and 2024. The Houthi rebels in Yemen have recently captured Mocha port, effectively controlling the Bab al-Mandeb Strait, further escalating concerns over maritime security in the region.
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