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Saturday, 16 December 2017

Egypt's Suez Canal revenues fall to $427.2 million in June

Reuters , Wednesday 2 Aug 2017
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A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt (Reuters)
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Egypt's Suez Canal revenues fell to $427.2 million in June from $439.8 million in May, a cabinet statement said on Wednesday.

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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