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FINANCIAL NEWS
Egypt’s Suez Canal revenue up to USD462.1m in August
14 Oct 2015
(MENAFN) Egypt’s revenue from the Suez Canal surged to USD462.1 million in August, from USD437.7 million registered in July, the Suez Canal Authority’s website stated.
Revenues in June were USD431.6 million. The canal is the fastest shipping route between Europe and Asia and is one of the country’s main sources of foreign currency.
On August 6, President al-Sisi launched an USD8-billion expansion of the canal that aims to double daily traffic and increase annual revenues to more than USD13 billion by 2023, from just over USD5 billion in 2014.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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