Suez Canal rises 3.5 pct in year to March

By Reuters CAIRO: Monthly revenue from Egypt’s Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday. The canal’s revenue in March 2011 was $413.5 million. Revenue rose 12.2 percent month-on-month from $381.4 million in February 2012. The waterway is a vital source of …

By Reuters

CAIRO: Monthly revenue from Egypt’s Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday.

The canal’s revenue in March 2011 was $413.5 million. Revenue rose 12.2 percent month-on-month from $381.4 million in February 2012.

The waterway is a vital source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad.