Despite the Ever Given blocking the Suez Canal in March 2021, impacting global trade, the canal hit revenue of $6 billion from January until the first half of December. This was confirmed by the Suez Canal Authority chair, Osama Rabie, on Sunday. He mentioned that it was the highest-ever revenue during this period.
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About 12% of the trade volume in the world passes through the man-made Suez canal, also Egypt’s significant source of hard currency.
The Suez Canal is a lifeline...