How is Egypt affected by current Red Sea tensions?

22 December 2023

IntelligenceNote

Summary

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

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