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Egypt's Suez Canal Rises 3.5 Pct In Year To March

Egypt's Suez Canal Rises 3.5 Pct In Year To March

Monthly revenue from Egypt's Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday.

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April 10, 2012 9:21 by



Monthly revenue from Egypt’s Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday.

The canal’s revenue in March 2011 was $413.5 million. Revenue rose 12.2 percent month-on-month from $381.4 million in February 2012.

The waterway is a vital source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad.

(Reporting by Mohamed Samir)



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