Egypt's Suez Canal Oct revenue rose to $447.9 mln

Reuters, Tuesday 15 Nov 2011

Revenue from the waterway rose 4.8 per cent on an annual basis to reach $447.9 million in October and 2.2 per cent from a month earlier

Revenue from Egypt's Suez Canal rose 4.8 per cent on a year earlier to $447.9 million in October, up 2.2 per cent from a month earlier, a government portal showed on Tuesday.

The canal's revenues in October 2010 were $427.3 million. Revenues in September 2011 were $438.3 million.

The waterway is a vital source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad. 

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