Thursday 21 June 2018

Suez Canal revenue drops 7.4pc in Feb

Cairo, March 29, 2013

Revenue from Egypt's Suez Canal fell to $375.3 million in February, down 7.4 per cent on the previous month and down 1.6 percent compared to a year earlier, the state information portal said late on Thursday.

Revenue in January was $405.1 million. In February 2012 it was $381.4 million.

The waterway is one of the main sources of foreign currency for an Egyptian economy struggling to head off a currency crisis, alongside tourism, oil and gas exports and remittances from Egyptians living abroad.-Reuters

Tags: Suez Canal | Revenue |

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