Egypt's Suez Canal posts record-high annual revenue of 9.4-bln-USD in FY 2022-23

CAIRO, June 21 (Xinhua) -- Egypt's Suez Canal posted a record-high annual revenue of 9.4 billion U.S. dollars in the fiscal year 2022-2023, up from 7 billion U.S. dollars a year earlier, the Suez Canal Authority's (SCA) chairman Osama Rabie said on Wednesday.

"For the first time in the canal's history, the authority has achieved revenues of about 9.4 billion U.S. dollars with a 35 percent increase," Rabie told reporters at a press conference.