Suez Canal official sees stable revenue
Cairo, September 13, 2012
Revenue from Egypt's Suez Canal will not fall this year from the $5.2 billion it achieved in 2011, the head of the Suez Canal Authority Mohab Memish said on Thursday.
Memish said the canal, which is a vital source of foreign currency in Egypt along with tourism, oil and gas exports and remittances from Egyptians living abroad, was among the most profitable entities in the country.
Revenue rose to $446.6 million in August, up three percent from July.
The canal authority raised toll fees for all vessels passing through the waterway by three percent in March. - Reuters
Tags: Egypt | Suez Canal | Revenue |
More Industry, Logistics & Shipping Stories
- DHL wins ‘best employer' award
- Drydocks to host top shipping forum in Dubai
- DHL holds family fun day
- DMCA begins issuing marine driver’s licence
- RSA-Talke to set up storage facility in Dubai
- Sipchem unit secures loan for new project
- Alba names power station director
- Bahrain to set up new building materials firm
- Spotlight on warehousing solutions
- Yokogawa to release new pressure calibrator
