![Egyptian President Abdel Fattah el-Sisi attends the World Economic Forum Annual Meeting in Davos, Switzerland on January 21, 2026. [Harun Özalp - Anadolu Agency]](https://www.middleeastmonitor.com/wp-content/uploads/2026/01/AA-20260121-40321874-40321862-WORLD_ECONOMIC_FORUM_ANNUAL_MEETING_IN_DAVOS-1.jpg)
Egyptian President Abdel Fattah al-Sisi said Wednesday that Egypt lost about $9 billion in direct revenues from the Suez Canal over two years due to regional instability linked to the Israeli war in the Gaza Strip, Anadolu reports. Speaking on the sidelines of the World Economic Forum in Davos, which began Monday in Switzerland and runs until Jan. 23, Sisi said the Suez Canal shipping route was heavily affected by the conflict. “We lost $9 billion in direct revenues as a result of these events,” from October 2023, when the war began, until a ceasefire agreement was reached in Sharm el-Sheikh last October, he said. Sisi said Egypt has played a “positive role” in promoting stability in the volatile region, […]
