Egypt suffers $800M monthly losses in Suez Canal revenues: El-Sisi

Updated 3/18/2025 7:33:00 AM
Egypt suffers $800M monthly losses in Suez Canal revenues: El-Sisi

Arab Finance: Egypt incurs monthly losses estimated at nearly $800 million in Suez Canal revenue due to the current situation in the region, President Abdel Fattah El-Sisi revealed.

During the annual Iftar hosted by the armed forces, the president highlighted that the Egyptian economy is showing signs of recovery, citing the International Monetary Fund’s (IMF)recent approval for the final tranche.

In recent remarks, Osama Rabie, Head of the Suez Canal Authority (SCA), expected that traffic through the Suez Canal would gradually return to normal by late March, with a full recovery anticipated by mid-2025.

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