Suez Canal Revenue Losses Reach USD 800 Million Monthly Due To Regional Unrest: Egyptian President

2025-03-17 07:22:50

(MENAFN- The Peninsula) QNA

Cairo: Egyptian President Abdel Fattah El-Sisi stated today that Egypt is facing monthly losses of approximately USD 800 million in Suez Canal revenues due to ongoing regional instability.

According to a statement from the Egyptian presidency, El-Sisi acknowledged the economic challenges but highlighted positive indicators within Egypt's economy.

He pointed to the International Monetary Fund's recent approval of a new aid tranche as a sign of confidence in the country's economic trajectory.

Despite global and domestic economic pressures, El-Sisi affirmed that Egypt has managed to navigate these difficulties with deliberate and steady progress, underscoring the resilience of the national economy.

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