Home NewsEgypt News Egypt’s Suez Canal Revenue Drops 7.4 Pct In Feb Vs Jan

Egypt’s Suez Canal Revenue Drops 7.4 Pct In Feb Vs Jan

by Yomna Yasser

Revenue from Egypt’s Suez Canal fell to $375.3 million in February, down 7.4 percent on the previous month and down 1.6 percent compared to a year earlier, the state information portal said late on Thursday.

Revenue in January was $405.1 million. In February 2012 it was $381.4 million.

The waterway is one of the main sources of foreign currency for an Egyptian economy struggling to head off a currency crisis, alongside tourism, oil and gas exports and remittances from Egyptians living abroad.

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