00:48

Egypt says Suez Canal revenue down by $6 bln over regional tensions

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STORY: Egypt says Suez Canal revenue down by $6 bln over regional tensions
SHOOTING TIME: Sept. 29, 2024
DATELINE: Sept. 30, 2024
Length: 00:00:48
LOCATION: Cairo
CATEGORY: POLITICS

SHOTLIST:   
1. various of a police graduation ceremony (courtesy of the Egyptian Presidency)
2. shots of ships passing through the Suez Canal

STORYLINE:

Egypt has lost $6 billion in Suez Canal revenue due to escalating geopolitical tensions in the region, President Abdel Fattah al-Sisi said on Sunday.

This came during a police graduation ceremony, as Sisi said revenue of the international waterway had plummeted by 50 to 60% over the past 7 - 8 months.

The Egyptian President warned that the current regional tensions could lead to an expansion of the conflict.

The Suez Canal, a vital artery for global trade, is the shortest shipping route between Europe and Asia. It is one of Egypt's main sources of foreign currency.

Xinhua News Agency correspondents reporting from Cairo.
(XHTV)

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