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HomeWorldEgypt Suez Canal revenue up 8.9pc

Egypt Suez Canal revenue up 8.9pc

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

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