“Income is the highest figure on record and is more than a fifth higher than last fiscal year’s $5.8 billion in transit costs,”
He added that in the fiscal year, which ended on June 30, about 1.32 billion tons of cargo was shipped through the canal.
Ongoing global crises have increased the importance of the
The Suez Canal is an important lifeline for global maritime trade as it allows ships to travel between:
About 12 percent of world trade goes through the artificial channel, which is a major source of hard currency in
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