Suez Canal revenue down
Cairo, July 11, 2012
Revenue from Egypt's Suez Canal fell to $415.9 million in June from $434.6 million in May, the state information portal said on Tuesday.
In June 2011, revenue was $445.2 million.
The waterway is a vital source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad.-Reuters
Tags: Egypt | Suez Canal |
More Industry, Logistics & Shipping Stories
- Tata Steel rules out EU assets sale
- Egyptian firm Maridive inks $150m Islamic loan
- GPIC marks work safety milestone
- Sabic unveils green plastics for construction
- Sabic opens new facilities in Jubail
- Asry plans multimillion dollar floating dock
- TNT unveils new communication unit in Oman
- Hilco plans sale of seafood unit equipment
- Alessa unveils Qatar expansion plans
- Intermetal to build $20m furniture factory in Dubai
