The Suez Canal netted Egypt a record $5.84 bn in the last tax year despite the coronavirus pandemic’s effect on world trade as well as a six-day blockage of the busy waterway by a giant cargo ship. Osama Rabie, head of the Suez Canal Authority says despite various challenges, revenues from the canal rose sharply in the fiscal year ending June 30. He says authorities netted the highest revenues in the history of the canal, hitting $5.84 billion more than two per cent up from the previous year. Rabie says the SCA’s marketing and flexible pricing policies helped maintain a good rate of traffic through the canal and earned the trust of our partners.