Egypt Suez Canal revenue up 8.9pc
Cairo, June 2, 2014
Revenue from Egypt's Suez Canal rose 8.9 percent to $442.4 million in April from $406.1 million in the same month a year ago, Egypt's state information portal said on Monday.
March revenues stood at $441.9 million.
The waterway, the fastest shipping route between Europe and Asia, is one of Egypt's main sources of foreign currency.
Suez Canal Authority chief Mohab Memish told Reuters on May 6 that revenues in April had reached $438.5 million. -Reuters