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international economy

international economy latest

Suez Canal
April 1st, 2021 - 03:00 GMT

How Significant Is the Suez Canal for the Global Economy?

The developments caused by the Ever Given cargo ship in the Suez Canal over the past week have triggered many questions over the role the famous trade route plays in the global economy. Egypt made $27.2 billion from The Suez Canal from 2015-2020 and $25.9 billion from 2010-15. It connects the Mediterranean Sea to the Red Sea through Isthmus of Suez. Constructed from 1859-1869. It handles 12% of global trade ...
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