News of the day

Announcement from Suez Canal Authority

On Thursday, a significant announcement from has been shared by Suez Canal Authority that it achieved a significant increase of 20.3% with the canal’s revenue reaching $854.7 million in November 2023, compared to $710.3 million in November 2022, showing a difference of $144.4 million.
The navigation statistics for the canal in November have set new and unprecedented records in terms of the number of ships, net tonnage, and generated revenues, making it the highest compared to the performance rates achieved during consecutive Novembers in the canal's history, according to a statement issued by the SCA Chairman Osama Rabie.