ECONOMY

Egypt's Suez Canal revenues rise to $470.6 mln in August

A container ship crosses the Gulf of Suez towards the Red Sea before entering the Suez Canal, Egypt April 24, 2017. (Reuters)

Egypt'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 shipping route between Europe and Asia and one of the government's main sources of foreign currency.

Egypt has been struggling to revive its economy since a 2011 uprising hit tourism and foreign investment.

ALSO READ: Qatari vessels blocked from entering Egyptian ports along Suez Canal

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Last Update: Tuesday, 19 September 2017 KSA 18:12 - GMT 15:12
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