Arab Today, arab today suez canal revenues up 3 in q1 of 2012
Last Updated : GMT 21:32:48
Arab Today, arab today
Arab Today, arab today

Suez canal revenues up 3% in Q1 of 2012

Arab Today, arab today

Arab Today, arab today Suez canal revenues up 3% in Q1 of 2012

Cairo - QNA

Revenues from Egypt’s Suez Canal were $1.255 billion for the first quarter of 2012, a marginal year-on-year rise of $36.4 million , or 3 %, on the same period the year before, state news agency Middle East News Agency (MENA) reported on Thursday. Income from the international waterway was $1.218 billion between January and March 2011, according to an official cited by MENA. Revenue for the month of March 2012 was $428 million. The waterway is a vital source of foreign currency for Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad.

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