Gaza War Costs Lebanon, Egypt and Jordan $10.3 Billion in Losses

  • International
  • 25 January 2024
1

The Israeli war on the Gaza Strip and tensions in the Red Sea have severely affected the economy of three Arab countries, as the war on Gaza has cost Egypt, Lebanon, and Jordan $ 10.3 billion, according to a report by the American newspaper "The New York Times".

The violence in the Middle East has affected the global economy, but it has further affected the economies of Egypt, Lebanon, and Jordan, countries already struggling with difficult economic conditions.

This comes as attacks by the Iran-backed Houthis on commercial ships in the Red Sea continue, disrupting a vital trade route and driving up shipping costs.

Source (Al-Sharq Al-Awsat Newspaper, Edited)

 

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