US EditionEgypt Suez Canal Monthly Revenue Losses at around $800 Million, Sisi Says
7 Articles
7 Articles
Sisi: Suez Canal Is Losing $800 Million Monthly Due to Regional Instability
Egyptian President Abdel Fattah Al-Sisi announced on Monday, 17 March, that the Suez Canal is losing approximately USD 800 million (EGP 40.37 billion) in revenue each month due to ongoing regional tensions. This statement came during the annual iftar banquet hosted by the armed forces in Cairo. The Iftar was attended by Speaker of the House of Representatives Hanafi Gebaly, Prime Minister Mustafa Madbouly, Minister of Defense General Abdel Mege…
Egypt Suez Canal Monthly Revenue Losses at around $800 Million, Sisi Says
CAIRO, March 17 (Reuters) - Egypt's President Abdel Fattah al-Sisi said on Monday that the monthly losses of the Suez Canal revenues reached around $800 million due to the regional "situation", as Yemen's Houthis have been attacking vessels in the Red Sea.
Egypt Suez Canal monthly revenue losses at around $800 million
Egypt's President Abdel Fattah al-Sisi said on Monday that the monthly losses of the Suez Canal revenues reached around $800 million due to the regional "situation", as Yemen's Houthis have been attacking vessels in the Red Sea. The Iran-backed Houthis have attacked vessels in the Red Sea area since November 2023 in support of Palestinians in Gaza during Israel's war on the enclave, disrupting global shipping by forcing vessels to avoid the near…
President Sisi Says Egypt Loses $800 Million Monthly In Suez Canal Revenue Amid Regional Turmoil - Iran Front Page
Egyptian President Abdel Fattah al-Sisi has stated that regional instability costs the country roughly $800 million monthly in Suez Canal revenue, though he noted the African nation’s economy shows signs of improvement.
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