Egypt's Suez canal authority chief said on Sunday the authority is closely monitoring the current tensions in the Red Sea.
The maritime traffic in the canal is normal © Mena Today
Egypt's Suez canal authority chief said on Sunday the authority is closely monitoring the current tensions in the Red Sea.
The authority is "closely following the consequences of current tensions in the Red Sea on the traffic in the canal," Chairman Osama Rabea said in a statement, adding that maritime traffic in the canal is normal.
Since Nov. 19, 55 ships have rerouted via the Cape of Good Hope, while 2,128 have crossed the canal in the same period, the statement added.
At least four people died when a vessel capsized while being towed in the Gulf of Suez, one of Egypt's prominent Red Sea oil production sites, the vessel operator's Saudi Arabian owner, ADES Holding Company, said on Wednesday.
The Egyptian government has successfully completed its second sovereign sukuk issuance, valued at $1 billion, as part of its broader strategy to diversify financing tools and investor bases.
Yemen's Houthis will target U.S. ships in the Red Sea if Washington becomes involved in Israeli attacks on Iran, the group's military spokesperson said on Saturday.
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