File photo of Egyptian President Abdel Fattah al-Sisi.
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.
