News Analysis: Tensions in Red Sea to hurt Egyptian economy, say experts
CAIRO, Jan. 23 (Xinhua) -- Egyptian experts have said that the continued tensions in the Red Sea and the Bab al-Mandab Strait will hurt the Egyptian economy, which is suffering from high inflation and a severe shortage in hard currency.
Abu Bakr al-Deeb, an adviser to the Cairo-based Arab Center for Research and Studies, told Xinhua that some shipping companies had taken other routes and avoided the Suez Canal,