Suez Canal's monthly revenue hits record high

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Suez Canal's monthly revenue hits record high

STORY: Suez Canal's monthly revenue hits record high DATELINE: May 2, 2022 LENGTH: 00:00:54 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. Head of the Suez Canal Authority Osama Rabie speaking 2. Various shots of vessels crossing the Suez Canal STORYLINE: Egypt's revenue from the Suez Canal reached a record high of 629 million U.S. dollars in April, the canal's authority said on Sunday. The head of Suez Canal Authority, Osama Rabie, said that the navigation traffic in April witnessed the crossing of 1,929 ships from both directions, compared to 1,814 ships last year. The canal also recorded April its highest monthly net tonnage, which totaled 114.5 million tons, Rabie added. The Suez Canal, one of Egypt's main sources of national income and foreign currency reserves, is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea and the Red Sea. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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