A record rise in annual Suez Canal revenues

Abu Dhabi Media 17 \ 06 \ 2017

Suez Canal revenues in Egypt rose 11.5 percent to a record $ 5.585 billion in fiscal year 2017-2018.
According to a statement published on the Suez Canal Authority website, the previous year’s revenues were $ 5.008 billion, Reuters reported.
Channel Chairman Mehab Mameish said on Saturday that the channel generated revenues of $ 503 million in May, up from $ 479 million in April.
The revenues of the channel rose by 14.4 percent in May, compared to May 2017, equivalent to 64 million dollars, Mamesh said.
The Suez Canal is the fastest shipping route between Europe and Asia and one of the main sources of foreign currency of the Egyptian government.