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Egypt's Suez Canal revenue $434.6 million in May

Income from the waterway holds steady month-on-month, official figures show

Ahram Online, Tuesday 5 Jun 2012
Suez Canal
Queen Mary 2, the largest ocean liner in the world, crosses the Suez Canal in Ismailia (Photo: Reuters)
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Egypt's Suez Canal brought in $434.6 million of revenues in May, a fraction more than the month before, the canal authority announced in a statement on Tuesday.

Revenue from the waterway in April 2012 was $433.1 million. In May 2011 it was around $436.6 million.
 
Along with tourism, oil and gas exports and remittances from Egyptians living abroad, the canal is one of Egypt's vital sources of foreign currency.
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