Rising Suez Canal revenues to provide much-needed lifeline for Egypt in 2023
To:
Al-Monitor Pro Members
From:
Marc Español
Freelance journalist covering Egypt and Sudan
Date:
Jan. 11, 2023
Bottom Line:
The Suez Canal closed 2022 with record-breaking revenues, which represent a key lifeline for Egypt at a time when it is facing serious economic and liquidity issues as a result of the Russia-Ukraine war. While the outlook for 2023 is promising, the country’s urgent and vast needs are pushing authorities to look for ways to maximize income even further, including through an investment fund that has already received initial approval.
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