Egypt’s Suez Canal revenues rise to $479.3 mln in April

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A Hapag Lloyd container ship sails across the Gulf of Suez towards the Red Sea before entering the Suez Canal, in El Ain El Sokhna in Suez, east of Cairo, Egypt April 24, 2017. REUTERS/Amr Abdallah Dalsh/File Photo

CAIRO (News Wire) – Egypt’s Suez Canal revenues rose to $479.3 million in April, up from $463 million in March, official statistics on Tuesday showed.

The Suez Canal is the fastest shipping route between Europe and Asia and one of the main sources of foreign currency for the Egyptian government.

Reporting by Ehab Farouk; Writing by Sami Aboudi, editing by Louise Heavens

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