Enormous: Suez Canal turnover at 7 billion US dollars

Egypt expected, that the Revenues of the Suez Canal until to the End of the running Business year about 7 Billions US-Dollar reach become, said Minister of Finance Mohamed Maait on 21 May.  It becomes expected, that the Tourism revenue until there despite the Ukrainian Crisis between 10 and 12 Billions US-Dollar reach become, added he added. The Egyptian Financial year runs from the 1. July until to the 30. June. The Channel is the fastest Shipping route between Europe and Asia and one the Main sources of foreign exchange the Egyptian Government.

Source: Thomson Reuters 2022/ gcaptain