Suez Canal revenues improve but still below normal, PM says

Revenues from Egypt’s Suez Canal have shown a relative improvement but remain below normal levels after being hit by Red Sea shipping attacks, Prime Minister Moustafa Madbouly said on Tuesday.

Speaking during a roundtable with newspaper and online editors-in-chief, Madbouly said the recovery of revenues depends largely on stability in the region.

The canal, one of the world’s busiest waterways, is a key source of hard currency for Egypt and a vital route for global trade.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser