Suez Canal profit grows to USD429mn

06 Sep 2016

(MENAFN) Suez Canal revenue grew by 2.5 percent in July of 2016 from a month earlier.

Additionally, the revenue reached USD429mn in the cited month, compared with USD418.7mn in June.

Moreover, the canal is one of Egypt”s major sources of foreign currency.

However, Egypt has been struggling to revive its economy since 2011 uprising scared away tourists and foreign investors.

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