Suez Canal To Introduce Its Personal Sovereign Wealth Fund
The Suez Canal Authority, popular as the SCA, has revealed its plans to introduce a sovereign wealth fund to safeguard the canal from unforeseen fluctuations and unprecedented crises in worldwide commerce like those resulting from COVID-19, SCA officers have mentioned. The authority channels the revenue derived from the canal with transit charges to the Egyptian Ministry of Finance at each month-end. An SCA official has...
