Suez Canal September revenues at $438.3 million

Revenues from one of Egypt's most vital sources of foreign currency are up 6.9 per cent on the year before, according to monthly statistics.

10.10.11 | Source: Ahram Online

Revenue from the Suez Canal climbed 6.9 per cent on the previous year to US$438.8 million in September, down 7.3 per cent from a month earlier, government figures showed on Monday.

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

Figures released in August showed revenues hit a record high of $5.05 billion in the 2010/11 financial year.

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