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PM: Suez Canal Lost Over 60% of Its Revenue Due to Regional Events


Wed 02 Oct 2024 | 07:48 PM
Prime Minister Dr. Mostafa Madbouly
Prime Minister Dr. Mostafa Madbouly
Nada Mustafa

Prime Minister (PM) Dr. Mostafa Madbouly stated that Suez Canal has lost more than 60% of its revenue, amounting to $550-600 million monthly, due to the ongoing events in the region.

During a meeting with several intellectual figures to discuss various current issues, PM emphasized the enormous uncertainty governments face, which forces them to operate under a theory of continuity and stability. 

He commented, "We don’t know what might happen in the next two or three hours."