Egypt’s Suez Canal revenue reached $704 million in July, Canal Authority Chairman Osama Rabea said on Tuesday.
The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency.
For the latest headlines, follow our Google News channel online or via the app.
Earlier this month, the Canal Authority had stated that the Suez Canal had recorded $7 billion in revenue for the fiscal year 2021/22, up 20.7 percent from a year earlier.
Egypt’s fiscal year runs from July 1 to June 30.
Read more: Egypt’s Suez Canal revenue up 20.7 pct in 2021/22 to $7 bln
Also Read
-
Construction starts on Egypt’s first nuclear plant
Construction of a nuclear plant by Russia’s state-owned energy corporation Rosatom on Egypt’s north coast has begun, according to a joint statement ... Middle East -
Egypt's economy seen growing steadily over next three years: Poll
Egypt's economy will grow fairly steadily over the coming three years, with inflation gradually declining from double digits and the pound weakening ... Economy -
Egypt raises price of widely used diesel, other fuel amid global inflation
Egypt on Wednesday increased the price of its widely used diesel and other fuels in a move expected to further drive up prices of other goods and ... Middle East -
Egypt’s Suez Canal revenue up 20.7 pct in 2021/22 to $7 bln
Egypt’s Suez Canal recorded $7 billion in revenue for the fiscal year 2021/22, up 20.7 percent from a year earlier, Suez Canal Authority Chairman ... Economy
