Egyptian Finance Minister Mohamed Maait expected that Suez Canal revenues will reach US$7 billion by the end of the current fiscal year, which ends on June 30, 2022. Maait added in a statement, on Saturday, that tourism revenues are expected to reach between $10 and $12 billion by the end of the fiscal year, despite the war in Ukraine, according to Reuters. The Suez Canal is the fastest shipping corridor between Europe and Asia and one of the main sources of foreign currency for the Egyptian government. In early May, the head of the Egyptian Suez Canal Authority, Osama Rabie, said that the canal achieved the highest monthly revenue in its history at $629 million in April 2022. Rabie added t
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