Egypt Suez Canal revenues down by 22%

Egypt’s revenues from the Suez Canal fell 22 percent to $382.9 million in July compared to the same month last year, a Suez Canal Authority official said on Friday.

The figure is the highest for monthly receipts from the canal so far this year. The previous high for 2009 was June’s figure of $348.2 million.

The canal is one of Egypt’s main foreign currency earners, along with tourism, oil and gas exports and remittances from Egyptians living abroad.

Source: Reuters

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