Egypt rubbishes 'Suez Canal sold for $1trln' story

Reuters/REUTERS

The Suez Canal Authority reiterated that the canal is entirely owned by Egypt

Staff Writer, TradeArabia

July 15, 2024

PHOTO

Egypt has strongly denied rumours on the sale of the Suez Canal for $1 trillion, asserting the falsehood of such claims after an audio clip on the 'canal sale' started doing the rounds.

Rubbishing these stories, the Egyptian Cabinet's media centre confirmed that the circulated audio clip claiming the sale of the canal is fake and has no basis in reality.

The Suez Canal Authority reiterated that the canal is entirely owned by Egypt and is subject to its sovereignty in all aspects of its management, operation, and maintenance.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.