Egypt’s Suez Canal revenues climb 40% to $2.08bn in Q1 

RIYADH: Egypt’s Suez Canal Authority took in $2.08 billion in revenue in the first quarter of 2023, a 40 percent increase on the same period a year earlier, it has been revealed.

The authority announced that navigation traffic in the canal recorded a significant increase since the beginning of this year with 5,534 ships passing, which is a 19 percent increase from 4,660 ships during the same period in 2022.