Suez Canal revenues up 3 pct in first quarter of 2012

Ahram Online and MENA, Thursday 19 Apr 2012

Income from the waterway saw a marginal year-on-year rise of $36.4 million, according to new figures

Revenues from Egypt’s Suez Canal were $1.255 billion for the first quarter of 2012, a rise of $36.4 million -- or 3 percent -- on the same period the year before,  state news agency MENA reported on Thursday

Income from the international waterway was $1.218 billion between January and March 2011, according to an official cited by MENA.

Revenue for the month of March 2012 was $428 million.

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


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