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Egypt expects Suez Canal revenues to hit $7 billion by give up of fiscal three hundred and sixty five days

Bibliometric Details: Issue No: 5 | Issue Month:May | Issue Year:2022

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.

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