03 Aug 2022

The SCA’s (Suez Canal Authority) Chairman announced that the Canal has achieved its highest monthly revenue on record, reaching USD704mn in July 2022, an increase of over 32% YoY. This was driven by record net tonnage and transit rates. On the 29th of July, 2022, the Suez Canal registered its highest ever daily revenue, at USD31.8mn. At an earlier date, the SCA had announced that revenues for FY21/22 were up about 21%, recording USD7bn. (Sources: State Information Service, Reuters (English), Zawya (English) (Arabic), Business Today Egypt (English), al-Ahram (English) (Arabic), Egypt Independent (English), Sada el-Balad (English) (Arabic), Forbes, al-Sharq al-Awsat (English) (Arabic), Arab News (English), al-Maal, Amwal al-Ghad, Mubasher, Hapi Journal, al-Youm al-Saabe, al-Watan, al-Dustour, Akhbar al-Youm, Masrawy, Middle East News Agency, al-Sharq Business, CNBC Arabia, al-Arabiya, al-Taqa, Euronews)