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Egypt creates independent fund for Suez Canal

Egypt has established a new fund for the Suez Canal manage its own revenues independently.
REMKO DE WAAL/ANP/AFP via Getty Images

CAIRO — Egypt has established a special fund to manage and make use of the Suez Canal's revenues, amending Law No. 30 of 1975 to do so.

The amended law, approved on July 20, established the Suez Canal Authority Fund, an independent legal entity headquartered in Ismailia governorate.

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