19 November 2011
Suez Canal revenues were up in October by 4.8 per cent compared to the same month last year. The Canal brought in some $447.8 million in October 2011, up 2.2 per cent from a month earlier. The canal's revenues in October 2010 were $427.3 million. Revenues in September 2011 were $438.3 million.
Suez Canal revenues were up in October by 4.8 per cent compared to the same month last year. The Canal brought in some $447.8 million in October 2011, up 2.2 per cent from a month earlier. The canal's revenues in October 2010 were $427.3 million. Revenues in September 2011 were $438.3 million.
The Suez Canal is one of Egypt's most important sources for hard currency, along with tourism, oil and gas exports and remittances from Egyptians living abroad.
Earlier this month, Chairman of the Suez Canal Authority Admiral Ahmed Fadel had said the Suez Canal revenues increased by 11 per cent from January till September 2011 reaching around $ 3.9 Billion compared to the same period in 2010. The Canal's revenues amounted to $4.7 in 2010.
© Al Ahram Weekly 2011
