economy
January 22, 2026
Egypt reports billions lost from Gaza war impact
Egypt’s president has said his country is “paying the price” for events that have disrupted trade through the Suez Canal
TL;DR
- Egypt has lost over $9 billion in direct Suez Canal revenues in the last two years.
- Regional instability and the war in Gaza have disrupted trade through the Suez Canal.
- Houthi rebels began attacking commercial vessels in late 2023, impacting the Bab el-Mandeb Strait and Red Sea.
- Egyptian President Abdel Fattah al-Sisi highlighted the "major waterway's" disruption at the World Economic Forum in Davos.
- Sisi called for a permanent end to the Gaza conflict and stability in the Middle East.
- He reiterated Egypt's support for the Palestinian cause and a two-state solution.
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