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Egyptian Gazette
Home Business

FM: Stable Red Sea, Suez Canal key to world economy

by Gazette Staff
May 24, 2025
in Business, Egypt
FM: Stable Red Sea, Suez Canal key to world economy 1 - Egyptian Gazette
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Egypt’s Foreign Minister Badr Abdelatty emphasized that the resumption of regular maritime traffic in the Red Sea and Suez Canal serves the global economy, particularly in light of recent geopolitical challenges that have affected navigation with Egypt bearing heavy economic cost.

His remarks were made in an opinion article published in Lloyd’s List, a leading international journal specializing in maritime shipping and logistics.

Abdelatty highlighted the impact of de-escalation efforts in the Red Sea region on improving maritime safety, international trade and resilience of global supply chains.

The article reaffirmed Egypt’s firm commitment to ensuring regional security and stability.

“In the meantime, we must simultaneously address the root cause of regional escalation in order to preserve the current state of stability in the Red Sea. As such, Egypt will continue to exert its utmost efforts to achieve a permanent ceasefire in Gaza and establish a political horizon that fosters peace and security between both Palestinians and Israelis,” the foreign minister wrote. 

Tags: Red SeaSuez CanalTop_News
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The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
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