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World

Egypt's Suez Canal revenues rise to $5.3bn in 2017

Published January 4, 2018 Updated January 4, 2018 09:03pm

CAIRO: Egypt's Suez Canal revenues rose to $5.3 bln in 2017 from $5 bln in 2016, a statement by the Canal authority said on Thursday.

The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

Its revenues were at $462.7 million in Nov. 2017.

 

Copyright Reuters, 2018
 

 

 

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