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Egypt’s Suez Canal Q1 revenue at $1.69 billion

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© Reuters. FILE PHOTO: Delivery containers go via the Suez Canal in Suez, Egypt February 15, 2022. Image taken February 15, 2022. REUTERS/Mohamed Abd El Ghany

CAIRO (Reuters) – Egypt’s Suez Canal recorded income of $1.69 billion within the first quarter of 2022, up from $1.4 billion in the identical interval a yr prior, the canal authority stated in a press release on Saturday.

The canal is the quickest delivery route between Europe and Asia and one of many Egyptian authorities’s foremost sources of international foreign money.

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