" POLITICAL ISLAM NEWS PORTAL "
Latest news
  Al Bawaba   UK police arrest second suspect after Buckingham Palace attack   Al Bawaba   New $2.15 bln Saudi investment pledged into Egypt   Al Bawaba   Egypt offers 'deepest condolences' to Brazil after two boat accidents   Al Bawaba   27 dead after Boko Haram attacks on Nigerian villages   Al Bawaba   Second storm hits Hong Kong and Macau amid typhoon recovery   Al Bawaba   Bahrain's FM criticizes Qatari stance on pilgrimage   Al Bawaba   Pope Tawadros II in Japan for Egyptian Church inauguration   Al Bawaba   NATO reaffirms support to Afghanistan after Kabul mosque attack   Al Bawaba   IS claims Brussels knife attack on soldiers   Al Bawaba   Charles Farr arrived in Cairo to discuss counter terrorism
ALBAWABA EG » Economy »

Egypt’s Suez Canal revenues reach $477.1 million in July

Friday 25-08-2017 - 10:48 PM
News Agencies
Egypt’s Suez Canal
Egypt’s Suez Canal revenues reach $477.1 million in July
Cairo - Egypt’s revenues from Suez Canal trade rose to $US 447.1 million, in July, compared to $US 427 million in June, according to data from the Suez Canal Authority published by the state-run Egypt Information Portal (EIP).


In May, Suez Canal recorded $US 439 million. Also, 1,453 ships passed through the Egyptian waterway in July compared to 1,384 the month before, EIP stated.


Transit activity rose since the canal expansion was completed. A total of 7294 ships passed through the waterway between March and July, which is 4 percent more than 2016 records of the same period, according to a press release by the Canal’s authority.


The canal is one of Egypt’s main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising.

Read also

New $2.15 bln Saudi investment pledged into Egypt GlobalMarkets names Tarek Amer Central Bank Governor of the Year Egypt offers 'deepest condolences' to Brazil after two boat accidents

Facebook comments

Most read Most recent

Opinion

Rabaa Tragedy: Great shame in Muslim Brotherhood’s historyBishoy Ramzy Italian ambassador’s return to Cairo: New success of Egypt’s diplomacyIslamist Gate Staff Insider Perspective: Rabaa dispersal, why Muslim Brotherhood chose this venue for sit-in?Bishoy Ramzy Farewell to my teacher and mentor Refaat El-Said Abdel Rehim Ali Abdel Rehim Ali writes: When one front-page headline saves nine Abdel Rehim Ali

Follow us on Facebook