On Sunday, the chief of the Suez Canal Authority (SCA) said that the Suez Canal had netted Egypt a record $5.84 bn in the fiscal tax year despite the pandemic’s effect on trade and the six-day blockage of the waterway by a gigantic container ship.
The head of the SCA, Osama Rabie, said that despite challenges, revenues from the canal had risen exponentially in the fiscal year ending June 30.
Authorities had netted the highest revenues in the history of the canal, touching $5.84 billion, up from...