Tuesday 19 June 2018

Suez Canal revenues up to $447m in July

CAIRO, August 23, 2017

Egypt's revenues from Suez Canal trade increased in July, registering $447.1 million compared to $429 million the same month last year, a report said.

Receipts also rose from June to July, registering $427 million, reported Emirates news agency Wam, citing data from the Suez Canal Authority published by the state-run Egypt Information Portal (EIP).

In May, receipts recorded $439 million.

In July, 1,453 ships passed through the Egyptian waterway compared to 1,384 the month before, EIP stated as quoted by Ahram Online.

The canal, which is the fastest shipping route between Europe and Asia, is one of Egypt's main sources of foreign currency.

Tags: Egypt | Suez Canal | Revenue |

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