Suez Canal May revenues up at $436.6 mln

DNE
DNE
1 Min Read

CAIRO: Revenue from Egypt’s Suez Canal rose 10.5 percent year-on-year to $436.6 million in May, and rose 0.5 percent from a month earlier, a government portal showed on Wednesday.

Revenue in May 2010 was $395 million. Revenue in April 2011 was $434.6 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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