Egypt's Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year, Canal Authority Chairman Osama Rabea said on Monday.
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A statement from the authority attributed the rise to an increase in vessel numbers and cargoes, with total cargoes reaching a record high of 1.32 million tons, up 10.9% from 2020/21.
The number of vessels transiting the canal rose 15.7% to 22,032.
The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.
