Egypt Suez Canal revenue rises to $350m in March
CAIRO, May 10, 2016
Revenue for Egypt's Suez Canal rose to E£3.477 billion ($396 million) in March from E£3.108 billion ($349.9 million) in February, the Suez Canal Authority said on Tuesday.
Since February it has not published dollar figures for revenues on its website, making monthly comparisons hard to assess after the central bank devalued the pound in March.
The canal is one of Egypt's main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising scared away tourists and foreign investors, other main sources of hard currency. - Reuters