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Suez Canal revenue rises 12 pct to $510 million in August

The head of the Suez Canal Authority had said earlier this month that revenues had reached about $508 million

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Revenues from Egypt's Suez Canal reached $510 million in August, a 12 percent increase on the same month the previous year, the state information website said on Saturday.

The waterway, the fastest shipping route between Europe and Asia, is one of Egypt's main sources of foreign currency.

The head of the Suez Canal Authority had said earlier this month that revenues had reached about $508 million, the highest monthly level in history.

A major expansion of the canal is planned.