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Friday, April 28, 2017
Egypt’s Suez Canal revenues rose to US$423.9 million in March from US$375.8 million the previous month, Suez Canal Authority Chairman Mohab Mameesh said in a statement on Friday. The revenues were up 1.7% from US$416.9 million the same time last year, he said. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising scared away tourists and foreign investors, key earners of hard currency.
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