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02:05
Egypt: Egypt suffers economic losses as geopolitical tensions divert traffic from Suez Canal
Egypt - Recent
Shotlist:
Egypt - Recent:
FILE: Cairo, Egypt - Date Unknown
1. Various of cityscape;
FILE: New Administrative Capital, Egypt - December 2023
2. Workers at construction site;
3. Buildings;
Egypt - Recent
4. Vessels on Suez Canal;
5. Crew operating vessel;
6. Various of vessels on Suez Canal;
7. SOUNDBITE (Arabic, dubbed with English) Ayman Fouda, board member, African Economy Council in Cairo (partially overlaid with shots 8-9):
"We hope this doesn't turn into a comprehensive full war, because no country, not even Israel, can afford that. These geopolitical disruptions appear to be staying longer, which will deepen our losses. Middle East markets have been suffering the economic impacts of the Russian-Ukrainian war followed by Gaza and now Lebanon.";
Gaza Strip - Sept 12, 2024
[SHOTS OVERLAYING SOUNDBITE]
8. Various of debris;
9. Various of people clearing debris
[SHOTS OVERLAYING SOUNDBITE];
Egypt - Recent
10. Various of vessels with containers on Suez Canal;
11. People handling business in bank;
12. Banknotes being counted;
13. SOUNDBITE (Arabic, dubbed with English) Mohamed Ali Ibrahim, professor of economics, Arab Academy for Science and Technology (partially overlaid with shot 14):
"We not only have a foreign currency crisis, but there are debt payments bound to specific dates. The state is already selling its assets to other countries. It is also getting rid of some national projects to save foreign currency. The Suez Canal revenue drop complicates the crisis and that will affect millions of people.";
[SHOTS OVERLAYING SOUNDBITE]
14. Various of construction site, machines working;
[SHOTS OVERLAYING SOUNDBITE]
15. Various of vessels with containers on Suez Canal;
16. SOUNDBITE (Arabic, dubbed with English) Mohamed Ali Ibrahim, professor of economics, Arab Academy for Science and Technology (partially overlaid with shot 17/ending with shot 18):
"The number of ships crossing the Suez Canal has dropped sharply, which also means the volume of goods has dropped. This has created a shortage in funding the expansion and development projects in the Canal. It also creates more incentives for shipping companies to push for other alternatives like the North Pole and the Cape of Good Hope.";
[SHOTS OVERLAYING SOUNDBITE]
17. Various of vessels with containers on Suez Canal;
[SHOTS OVERLAYING SOUNDBITE]
18. Vessels on Suez Canal;
FILE: Ismailia, Egypt - Date Unknown
19. Railway tracks on bridge;
FILE: Cairo, Egypt - Date Unknown
20. Cityscape;
21. Various of cityscape, traffic.
[Restriction - No access Chinese mainland]
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