Egypt

Suez Canal Revenue Drops Almost 25% amid Houthi Attacks

The chairman of the Suez Canal Authority (SCA) warned on Thursday that the pivotal shipping passage lost nearly 25 percent of its revenue in the 2023-2024 fiscal year, largely as a result of attacks on civilian commercial ships by Yemen’s Iran-backed Houthi terrorists.

FILE - A cargo ship sails through the town of Ismailia, Egypt, March 30, 2021. Houthi rebe

Netanyahu Rejects Biden Surrender Plan

Israeli Prime Minister Benjamin Netanyahu firmly rejected a Biden administration-backed plan Sunday to end the war in Gaza, with Hamas still holding onto its weapons and power, in exchange for the staged release of the remaining 136 Israeli hostages.

Netanyahu