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Thursday, 14 December 2017

Egypt's Suez Canal revenue rises to $439.8 mln in May from $427.9 mln in April

Reuters , Tuesday 20 Jun 2017
Suez Canal
A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015 (Reuters)
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Egypt's Suez Canal revenues rose to $439.8 million in May from $427.9 million the previous month, a cabinet statement said on Tuesday.

The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising scared away tourists and foreign investors, key earners of hard currency.

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