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Egyptian President Abdel Fattah Al-Sisi announced on Sunday that revenue from the Suez Canal has decreased by 50-60 percent this year, equating to a loss of USD 6 billion (EGP 289.85 billion) The decline, he stated, is due to escalating geopolitical tensions in the region. Speaking during the graduation ceremony for new police cadets at the Police Academy in New Cairo, Al-Sisi addressed the economic challenges facing Egypt. “Geopolitical conditions have negatively affected Suez Canal revenues,” he said, adding that…
