Egypt Losing $800 Million Monthly in Suez Canal Revenues Due to Regional Conditions
Despite these economic challenges, Egypt has continued to progress with steady and well-planned steps, overcoming obstacles faced over the past 15 years, including global economic crises, the president stated.
El-Sisi emphasized that the Egyptian economy is showing positive indicators, highlighting the International Monetary Fund's (IMF) recent approval of a new funding tranche for the country.
He commended the resilience of the Egyptian people and the strength of the state's institutions, particularly the Armed Forces and the Civil Police, which he described as the backbone of the nation in these exceptional times.
Presidential spokesperson Ambassador Mohamed El-Shinawy conveyed the President's message of reassurance to the Egyptian people, acknowledging their concerns over current events. He noted that this concern reflects their national responsibility and commitment to the country's stability.
El-Shinawy urged for intensified efforts to advance and develop Egyptian society through strategic and well-planned steps.
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