World

Suez Canal revenue $398.5mn in March

Published April 20, 2013 Updated April 20, 2013 02:39pm

1 min

By Muhammad Iqbal

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CAIRO: Revenue from Egypt's Suez Canal rose 6 percent to 2.751 billion Egyptian pounds ($398.50 million) in March compared to the previous month, the Suez Canal Authority said on Saturday.

Revenue in February was $375.3 million. In March 2012 it was $428 million.

The waterway is one of the country's main sources of foreign currency, alongside tourism, oil and gas exports and remittances from Egyptians living abroad.

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