Egypt loses $9 billion a year due to Red Sea shipping difficulties

17.10 16:31 | Category World

Egypt is losing more than $9 billion in annual revenue from the Suez Canal due to the shipping situation in the Red Sea, Egyptian Foreign Minister Badr Abd al-Atti said during his speech in New Delhi.

"We suffered the most from the escalation of the Red Sea. "Egypt, in general, loses more than 9 billion dollars a year and suffers losses," the diplomat emphasized.

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Egypt loses $9 billion a year due to Red Sea shipping difficulties

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