CommoditiesWould possibly presumably 21, 2022 05: 15AM ET
© Reuters. FILE PHOTO: A initiating container passes thru the Suez Canal in Suez, Egypt February 15, 2022. Image taken February 15, 2022. REUTERS/Mohamed Abd El Ghany
CAIRO (Reuters) – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the give up of the modern fiscal three hundred and sixty five days, finance minister Mohamed Maait mentioned on Saturday.
Tourism revenues are expected to reach between $10 billion and $12 billion by then, no topic the Ukrainian disaster, he added. Egypt’s fiscal three hundred and sixty five days runs from July 1 to June 30.
The canal is the fastest initiating route between Europe and Asia and certainly one of the most Egyptian executive’s distinguished sources of foreign currency.
