Egypt's Suez Canal (Photo:Ahram)
Egypt's vital waterway saw the highest annual revenue in its history in the fiscal year 2013/14, the Suez Canal's head said on Wednesday.
According to Mohab Memish, the Egyptian canal brought in a whopping $5.3 billion (LE37 billion), the highest revenues since its opening in 1869 and representing a 5.5 percent increase from the last fiscal year.
The artificial waterway which connects the Mediterranean and Red Sea saw around $5.2 billion in revenues during the fiscal year 2012/13, official data showed.
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