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Egypt earns $3.8bn from Suez
- Egypt: Sunday, February 04 - 2007 at 12:23
Egypt's annual revenues from the Suez Canal hit record levels last year and amounted to $3.8bn, with more than $1bn of that generated in Q4, reported Reuters. A spokesman said the income was the highest received since the canal opened in 1869 although no comparison figures were supplied. The canal is a key source of foreign currency for Egypt.
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Jonathan Sheikh-Miller, Deputy EditorSunday, February 04 - 2007 at 12:23 UAE local time (GMT+4)
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This article was updated on Fri Apr 27 2007.
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