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Egypt lost $20 billion in Suez Canal revenue, Sisi says
Image credit: Shehab Wire (EN)
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President Abdel Fattah el-Sisi said Tuesday that Egypt has lost approximately $20 billion in Suez Canal revenues over recent years due to regional instability, according to Shehab Wire. The president attributed the decline to conditions undermining the strategic waterway's operations and traffic flows.
Sisi's statement comes amid ongoing disruptions to global maritime commerce stemming from regional tensions affecting transit through the canal, one of the world's most critical shipping routes.
