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The US-Iran war has already had a negative economic impact on Egypt. Now new threats from the Houthi group in Yemen are likely to worsen that. At the same time, Egypt is trying to stay on good terms with all parties. The Suez Canal boasts an array of impressive statistics.
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According to Egyptian President Abdel-Fattah el-Sissi, Egypt likely lost around $7 billion (โฌ6.15 billion) from a decrease in traffic through the Suez Canal in 2024 alone.
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