The ongoing Houthi attacks against the commercial ships that are sailing in the Red Sea and Bab El-Mandeb strait are hampering the already troubled Egyptian economy.
Egypt is engaged in several endeavors to reduce the tensions in the Red Sea and enhance its faltering economy.
The following note provides an overview of key aspects, including:
- Effects of Red Sea tensions on Egyptian economy
- Effects of Red Sea tensions on Suez Canal
- Effects of Red Sea tensions on the gas sector
- El-Sisi’s plans to fix the situation