Egypt completes trial run of new Suez Canal channel extension
Egyptian President Abdel Fattah al-Sisi said that the country had lost approximately $7 billion in 2024.
A CONTAINER SHIP sails near the Suez Canal Bridge, known as the ‘Peace Bridge.’ The Hamas-Israel war is causing severe damage to the Egyptian economy, with the most impacted sectors being the Suez Canal and tourism, the writer says. (photo credit: SUEZ CANAL AUTHORITY/HANDOUT VIA REUTERS)Updated: