Suez Canal Posts 8.5% Rise In Revenues


News: Egypt's Suez Canal registered an 8.5% year-on-year rise in revenues to about EGP3bn (USD441.9mn) in March, compared with EGP2.8bn (USD407.4mn) in the same month in 2013, reports Reuters, citing Egypt's state information portal. The canal posted nearly EGP2.4bn (USD339.3mn) in revenues in February. The Suez Canal is one of Egypt's main sources of foreign currency and is the fastest shipping route between Europe and Asia.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: Egypt

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