Egypt’s Suez Canal expects $3.5bn in revenues in H1


RIYADH: Egypt’s Suez Canal is expecting to achieve $3.5 billion in revenues during the first half of 2022, the chairman of the authority, Osama Rabie, said in an interview with Asharq.

Revenues from the canal have increased by around 23 percent in May 2022, compared to the year earlier, to reach $657 million, Asharq reported.

Rabie attributed the high revenues to the growth of the global economy, the continued recovery of global trade, pricing policy and the Canal’s fee rise.