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Suez Canal Losses Reach $500M Monthly
The Media Center of the Council of Ministers confirmed that the circulating statement about Suez Canal losses reaching approximately $500 million per month and its association with a rejected proposal to sell or barter the canal for debt is from 2024 and has been taken out of context and misinterpreted in its current circulation. It clarified that maritime traffic was affected due to regional disturbances at that time, and the government rejected any proposals to barter or transfer ownership of the canal in exchange for debt. The Suez Canal is considered a strategic asset related to national security and the economy. The center called for accuracy and cautioned against relying on unofficial information circulating on social media.
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