MAR 29, 2024 JLM 68°F 11:15 AM 04:15 AM EST
An all-time economic record in the Suez Canal

Good news for Egypt. 

Osama IV, chairman of the Suez Canal, announced today that its revenues in April were an all-time high of $629 million. 

This is an increase of about 14% compared to April 2021. 

Fees for certain types of ships were raised, among other changes.

In terms of ship traffic in the canal it recorded an increase of about 6% last month compared to April last year.
 
Revenue from the Suez Canal is an important component of Egypt's foreign exchange earnings along with gas exports, tourism revenue and transfers of Egyptian workers abroad.

Did you find this article interesting?
Comments
Stephen Spurlin 23:46 21.05.2022
I
To leave a comment, please log in

DISCOVER MORE

"Iron Swords" - War in Gaza Hamas The Iran Threat Biden Administration Hezbollah The Leftist-Islamist Alliance Israeli Technology Palestine = Hamas = ISIS Israeli_Nature 10/7 Hamas Massacres Biblical Archaeology Jihadi Infiltration into the West Heroes of Israel The Bible Muslim Persecution of Jews