Egyptian President Abdel Fattah El Sisi warned that developments in the region could lead to an expansion of the conflict in a way that would affect stability, stating that the current conflict will lead to dire consequences in the region and perhaps in the entire world. In a speech during the graduation ceremony of a new batch from the Police Academy, El Sisi added that Egypt has lost between 50 and 60 percent of the Suez Canal's income, worth more than USD 6 billion, during the past eight months, as a result of the dangerous developments in the region. He explained that the region and the world are facing tough challenges, emphasizing his country's commitment to a balanced, moderate, and objective policy in response to the ongoing situations on Egypt's western, southern, and eastern borders, which have been under international scrutiny for about a year. The Egyptian president said that his country manages its affairs in a way that preserves it and the region without getting involved in matters that may a ffect security and stability in the region and in Egypt. Source: Qatar News Agency