Egpt
The military escalation in the region between Iran from and its allies from one side and US/Israel and their allies on the other side led to a sharp decline of oil production from the Gulf States, whose refineries are being targeted by Iran. As a result, energy prices went up. Also, the war led to a disruption of international shipping lanes and supply chains, which resulted in the decline in Suez Canal revenues.
He clarified on Sunday that the projects also aim to enhance the efficiency and development of the irrigation and drainage system, ensuring an increase in the productivity of water units.
President Abdel Fattah El-Sisi said Thursday that Haya Karima [decent life] ‘s initiative plan was not finished until now in several villages’ allover the country due to the economic repercussions of the Russian- Ukrainian war.
