Suez Canal revenue hits record high of 6 bln USD in 2021 « Khabarhub
Sunday, June 23rd, 2024

Suez Canal revenue hits record high of 6 bln USD in 2021


19 December 2021  

Time taken to read : < 1 Minute


  • A
  • A
  • A

CAIRO: The revenue of Egypt’s Suez Canal reached 6 billion US dollars in 2021, Chairman of the Suez Canal Authority (SCA) Osama Rabie said in a statement on Sunday.

“Egypt’s Suez Canal earned a revenue of 6 billion USD from January until the first half of December,” Rabie said, noting that it was the period’s highest-ever revenue.

The revenue of the Suez Canal reached 5.61 billion USD in 2020 and 5.8 billion USD in 2019.

The Suez Canal is a major lifeline for global seaborne trade since it allows ships to travel between Europe and South Asia without navigating around Africa, thereby reducing the sea voyage distance between Europe and India by about 7,000 km.

Some 12 percent of the world trade volume passes through the man-made canal, which is a major source of hard currency in Egypt. (ANI/Xinhua)

Publish Date : 19 December 2021 21:58 PM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

NC to enhance its opposition role: President Deuba

LUMBINI: Nepali Congress (NC) President and former Prime Minister Sher

Madhesh province assembly enacts Girl Child Protection Bill

DHANUSHA: The Madhesh Province Assembly has successfully enacted the Girl

Prideful leaders and cadres can advance the nation, says Finance Minister

KATHMANDU: Finance Minister Barshaman Pun emphasized that the country’s advancement

Maoist Centre has magical seat in parliament; Govt will serve full term: PM Dahal

KATHMANDU: CPN (Maoist Centre) Chairman and Prime Minister Pushpa Kamal