egypts suez canal records 3year low in february revenues
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Egypt's Suez Canal records 3-year low in February revenues

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Arab Today, arab today Egypt's Suez Canal records 3-year low in February revenues

A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt
Egypt - Arab today

Egypt's revenues from Suez Canal trade recorded a three-year low in February after registering $375.8 million compared to $401.4 million the same month last year, according to data from the Suez Canal Authority published by the state-run Egypt Information Portal (EIP).

 

In February 2014, Suez Canal receipts recorded $339 million in revenue.

In February of this year, 1,286 ships passed through the Egyptian waterway compared to 1,369 the month before, EIP stated.

Receipts declined slightly last month compared to January, when it registered $395.2 million.

The canal, which is the fastest shipping route between Europe and Asia, is one of Egypt's main sources of foreign currency

Source: Ahram online

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