Suez Canal records highest ever monthly revenue in April

ISMAILIYA: Egypt’s Suez Canal recorded its highest ever monthly revenue in April, reaping $629 million in ship transit fees, the authority managing the waterway said on Sunday.

The monthly revenue in April marked a 13.6% jump from the previous year, said canal authority chairman Osama Rabie in a statement. The 193 km (120 miles) waterway links the Red and the Mediterranean seas. – REUTERS