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Al-Ahram Weekly
17-03-2025
- Business
- Al-Ahram Weekly
Egypt losing $800 mln monthly in Suez Canal revenues due to regional tensions: El-Sisi at Armed Forces annual Iftar
President Abdel-Fattah El-Sisi announced Monday that Egypt is losing monthly approximately $800 million in Suez Canal revenues due to ongoing regional tensions. This came during the annual Iftar banquet hosted by the Armed Forces. The event was attended by Prime Minister Mostafa Madbouly, Commander in Chief of the Armed Forces and Minister of Defence and Military Production General Abdel Mageed Saqr, Grand Imam of Al-Azhar Ahmed El-Tayyeb, and Pope of Alexandria and Patriarch of the See of St. Mark Pope Tawadros II, among others. The president emphasized that Egypt has taken 'steady and well-planned steps despite the challenges it has encountered over the past fifteen years,' pointing to the economic crises that have inflicted the world. According to the Egyptian presidency, El-Sisi further highlighted that the country's economy is promising, citing the International Monetary Fund's (IMF) recent approval to release a new financial tranche to Egypt. Furthermore, the president stated that the Egyptian economy is showing signs of recovery, driven by the dedication of state institutions and the perseverance of the people. He also lauded the unity of the Egyptian people and the strength of state institutions, underscoring the pivotal role of the Armed Forces and Civil Police in maintaining stability during these critical times. Meanwhile, El-Sisi stressed the importance of intensifying efforts and taking well-planned steps to advance Egyptian society's development. During the event, the president praised the Armed Forces' efforts in strengthening Egypt's national security in all strategic directions. In a conversation with actor Sameh Hussein, the president emphasized the importance of constructive and beneficial media and praised his Ramadan programme 'Qatayef.' He emphasized the need to instil authentic Egyptian values and morals into future generations, highlighting the crucial role of Egyptian media in this aspect. President El-Sisi stressed the importance of families, schools, universities, mosques, and churches in building a solid society. Follow us on: Facebook Instagram Whatsapp Short link:
Al-Ahram Weekly
14-03-2025
- Politics
- Al-Ahram Weekly
El-Sisi praises Armed Forces for safeguarding national security - Defence
President Abdel-Fattah El-Sisi expressed Friday his appreciation for the Armed Forces' efforts to protect the nation, preserve its sanctities, and reinforce its national security across all strategic fronts. El-Sisi made these remarks during a meeting with Minister of Defence and Military Production Abdel Mageed Saqr, Chief of Staff of the Armed Forces Ahmed Khalifa, and senior military commanders. During the meeting, the president greeted the Armed Forces on the anniversary of the 10th of Ramadan victories, which coincides with Egypt's celebration of Martyrs' and Veterans' Day, saluting the nation's martyrs. According to the Egyptian presidency, those heroic martyrs, with pride and honour, paved the way for the unending journey of sacrifice, bringing the dream of national progress and development to life across all the state's sectors. Earlier, President El-Sisi performed Friday prayers at El-Mosheer Tantawy Mosque in New Cairo in the presence of Grand Imam of Al-Azhar Ahmed El-Tayyeb, Prime Minister Mostafa Madbouly, and senior officials. According to the Egyptian presidency, the Friday sermon, titled "The Month of Victories and Martyr's Day," addressed the status of those martyrs who sacrificed their lives to preserve the nation's security and protect its sanctities. Egypt marks Martyr's Day in remembrance of Lieutenant General Abdel-Moneim Riyad, an Egyptian army chief of staff and veteran commander, who was killed in an Israeli mortar attack in Sinai on 9 March 1969 during the War of Attrition. Follow us on: Facebook Instagram Whatsapp Short link:
