There’s a stark difference in the monetary value between a shark in the Red Sea and one at the fishing market. A single shark in its natural environment at the bottom of the Red Sea makes a return of about US$200,000 annually for diving trips, while a kilo fetches LE50 at the fish markets. Despite bans on shark fishing and trading, and Egypt signing an international agreement to protect them, fishermen at the Red Sea and the Gulf of Suez continue to hunt them en masse illegally. They then offer their catches for sale in fish markets across Egypt at prices starting from LE50 per kilo. Local groups estimate that there between 800 and 1,000 oceanic sharks in several diving areas in the Red Sea
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