Egypt's Suez Canal revenues rise to $463 mln in March

  • Monday 16, April 2018 in 11:57 AM
  • Egypt's Suez Canal
Sharjah 24 – Reuters: Egypt's Suez Canal revenues rose to $463 million in March from $435.8 million in February, local financial newspaper Al-Borsa reported on Monday.

The canal's revenues for the first quarter of 2018 rose by 12.9 percent year-on-year to reach $1.351 billion, the newspaper said.

The Suez Canal is the fastest shipping route between Europe and Asia and one of the main sources of foreign currency for the Egyptian government.