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Asharq Al-Awsat
Asharq Al-Awsat
World
Cairo - Asharq Al-Awsat

Egypt Announces 47% Increase in Suez Canal Revenues

Egypt SCA Suez Canal Osama Rabie Suez Canal Authority
17 November 2019, Egypt, Ismailia: A container ship sails through the Suez Canal. (dpa)

The Egyptian government on Friday denied that the Suez Canal Authority (SCA) had reached an agreement with a foreign company to manage the canal’s services.

In spite of the denial, the hashtag “Suez Canal” remained the top trending topic in the country over the past two days, prompting SCA chairman, Lieutenant General Osama Rabie, to warn against heeding rumors.

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