Roundup: Egypt aspires to win back shippers as Suez Canal revenues slashed amid Red Sea tension

by Marwa Yahya

CAIRO, July 12 (Xinhua) -- Revenues from Egypt's Suez Canal have been significantly slashed due to the rerouting of international shipping to avoid the risk of Yemeni Houthi attacks in the Red Sea.

The canal, carrying 12 percent of global trade, is a crucial source of foreign currency for Egypt, a country still grappling with persistent economic woes.

The transit receipts of the Suez