15 Hrs
Source:
مأرب برس
US efforts to break Gaza deadlock
The transportation sector in Egypt is suffering from significant challenges and a severe crisis related to rising fuel and spare parts prices, declining revenues of companies, and the inflation rate, which impacts operational costs. The government expects the sector's losses to exceed 80 billion Egyptian pounds by 2026 due to the deteriorating performance of companies and the loss of millions of passengers, threatening the sector's continued effective operation. Reports indicate that approximately 15 companies are struggling financially, with revenues declining by about 80%, and operational costs rising substantially. This situation calls for urgent action and support measures to save the sector from collapse.
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