Egypt's Suez Canal March revenues reach $413.5m

Reuters, Monday 11 Apr 2011

Waterway brings in vital earnings as country suffers losses in tourism and overseas remittances

Revenue from Egypt's Suez Canal rose 9 per cent year-on-year to US$413.5 million in March and 6.4 per cent from a month earlier, a state website showed on Monday.

Revenue in March 2010 was $379.4 million. Revenue in February 2011 was $388.7 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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