Egypt loses over $9 billion as Suez Canal trade disrupted by war
Egypt loses over $9 billion as Suez Canal trade disrupted by war
- Egypt has lost over $9 billion in revenues from the Suez Canal due to regional instability over the past two years.
- The Israel-Hamas conflict alongside attacks from Houthi rebels has significantly disrupted trade through this key maritime route.
- President Sisi calls for a permanent ceasefire and humanitarian aid for Gaza, emphasizing Egypt's role in seeking stability.
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