#red sea
Egyptian President Abdel Fattah Al-Sisi announced on Monday, 17 March, that the Suez Canal is losing approximately USD 800 million (EGP 40.37 billion) in revenue each month due to ongoing regional tensions. This statement came during the annual iftar banquet hosted by the armed forces in Cairo. The Iftar was attended by Speaker of the House of Representatives Hanafi Gebaly, Prime Minister Mustafa Madbouly, Minister of Defense General Abdel Megeed Saqr, Grand Imam of Al-Azhar Dr. Ahmed El-Tayeb, and Pope…
