16 Hrs
Source:
وكالة صدى نيوز
Sisi: Egypt Loses $20B in Canal Revenue
Egyptian President Abdel Fattah el-Sisi confirmed that Egypt lost around $20 billion in Suez Canal revenues in recent years due to regional instability. He warned that efforts to displace Palestinians from Gaza will not cease. He explained that the economic challenges Egypt has faced began in 2011 and have worsened due to the COVID-19 pandemic and regional wars, with economic recovery potentially taking up to 15 years. Sisi also emphasized that Egypt remains committed to a stance supporting peace and a two-state solution to the Palestinian issue, while also prioritizing regional security and stability. He stressed the importance of maintaining national unity and ensuring Egypt’s water security through a fair and binding resolution to the Ethiopian Renaissance Dam.
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