Osama Rabie, chairman of Egypt's Suez Canal Authority (SCA), speaks during a press conference after the release of the Panama-flagged MV 'Ever Given' container ship, in the canal's central city of Ismailia on July 5, 2021. (AFP)

Suez Canal revenues reach all-time high of $9.4 bln: Official

Cairo

Reuters, Cairo

Published: 21 June ,2023: 03:03 PM GST Updated: 21 June ,2023: 03:11 PM GST

1 min read

Egypt’s Suez Canal revenues reached $9.4 billion in the current financial year 2022/2023, compared to $7 billion in the previous year, the authority chairman, Osama Rabea, said on Wednesday.

“For the first time in the canal’s history, the authority has achieved revenues of about $9.4 billion,” he told reporters.

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Egypt’s financial year ends on June 30.