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Magdy El-Gallad said that the interplay of domestic and foreign factors, along with regional and international developments, makes it impossible to offer a definitive assessment of Egypt’s direction and future, as scenarios for the region and the world remain wide open. He warned that a renewed US-Israeli war with Iran could have major economic repercussions for Egypt, including higher energy prices and impacts on tourism, the Suez Canal, and shipping lanes. He added that geopolitical shifts and the possibility of a transition to a multipolar world order further complicate the picture.
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