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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Egypt’s Suez Canal Revenue Rises 20.7% in 2021/22 to $7 Bln

Egypt Suez Suez Canal Suez Canal Authority Asia Europe
A shipping container of the China Ocean Shipping Company (COSCO) moves through the Suez Canal in Suez, Egypt February 15, 2022. Picture taken February 15, 2022. (Reuters)

Egypt's Suez Canal recorded $7 billion in revenue for the fiscal year 2021/22, up 20.7% from a year earlier, Suez Canal Authority Chairman Osama Rabea said in a statement on Monday.

Egypt's fiscal year runs from July 1 to June 30.

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