IMF: Egypt has lost 70% of Suez Canal revenue due to Gaza war

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated that the ongoing conflict in Gaza has significantly impacted Egypt’s economy, causing a 70 percent reduction in Suez Canal revenues. Georgieva also announced she plans to visit Egypt in the coming days to assess the country's economic indicators and review the situation considering the regional and global developments affecting its economy.