JEDDAH: Egypt has suffered about $10 billion in cumulative losses from global and regional crises affecting the Suez Canal since 2020, President Abdel Fattah El-Sisi said during the Egyptian Family Iftar held at the Air Force House.
He also highlighted mounting economic pressures on the country, noting that annual petroleum consumption for electricity generation and industry costs around $20 billion.
The remarks come as Egypt faces growing strain from disruptions to global trade routes and rising energy costs. The Suez Canal, one…
