Egypt’s Suez Canal revenues rose to $503.13 million in May, up from $479.3 million in April, according to figures released by the head of the Suez Canal Authority, Mohab Memish.
Memish said revenues rose by $63.33 million last month compared to May 2017, an increase of 14.4 percent.
The Suez Canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency.
Suez Canal 9 months revenues rise to $3.86 blnRevenues generated by Egypt’s Suez Canal rose slightly to $3.86 billion in the first nine months of 2017 from $3.78 billion a year earlier, the ... Economy
Egypt's Suez Canal revenues rise to $470.6 mln in AugustEgypt's Suez Canal revenues rose to $470.6 million in August from $447.1 million in July, the government said on Tuesday. The canal is the fastest ... Economy
Dubai and Egypt establish a joint development company in the Suez Canal ZoneDP World, a leading enabler of global trade, announced Wednesday the establishment of a joint development company with the General Authority for the ... Economy
Maersk says Suez Canal Authority proposes new toll systemDanish logistics group A.P. Moller-Maersk's Maersk Line shipping arm said it is considering proposals from the Suez Canal Authority for a new toll ... Economy