FINANCIAL NEWS

Egypt’s Suez Canal generates USD433m in July

11 Aug 2012

(MENAFN) Egypt’s Suez Canal reported a 4 percent growth in revenue in July compared to June records, Reuters reported.

The water way generate USD433.1 million revenue last month, up from USD415.9 million achieved in June, still, it fell short of USD449.2 million recorded in July 2011.

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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