Dec 04 2011 |
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Egypt's Suez Canal Authority To Raise Tolls By 3%
Sunday, Dec 04, 2011
(This story was originally published Thursday.)
CAIRO (Zawya Dow Jones)--Egypt's Suez Canal Authority will increase charges for all types of vessels passing through the waterway by 3%, effective from March 2012, the Authority said Thursday.
The decision followed a study of the global economy and its impact on trade through the Suez Canal , a statement from the Authority said, without providing further details.
That is also an increase of 2.2% from a month earlier, when revenues stood at $438.3 million.
-By Farah Halime; Contributing to Dow Jones Newswires;
Fhalime@gmail.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
04-12-11 0350GMT
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