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Sunday, 23 September 2018

Egypt's Suez Canal revenues rise to $463 mln in March: Newspaper

Reuters , Monday 16 Apr 2018
Suez Canal
File Photo: Suez Canal (Photo: AP)
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Egypt's Suez Canal revenues rose to $463 million in March from $435.8 million in February, local financial newspaper Al-Borsa reported on Monday.

The canal's revenues for the first quarter of 2018 rose by 12.9 percent year-on-year to reach $1.351 billion, the newspaper said.

The Suez Canal is the fastest shipping route between Europe and Asia and one of the main sources of foreign currency for the Egyptian government.

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