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World / Middle East

Suez Canal revenue losses reach USD 800 million monthly due to regional unrest: Egyptian President

Published: 18 Mar 2025 - 12:39 am | Last Updated: 18 Mar 2025 - 12:45 am
File photo of Egyptian President Abdel Fattah al-Sisi.

File photo of Egyptian President Abdel Fattah al-Sisi.

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.