Subscribe to RSS feedSuez Canal revenue continues to fall
by
David Osler, London
—
last modified
Dec 18, 2009 11:16 AM
SUEZ Canal revenue last month fell 13% to US$365.5m, down from US$419.8m in the same month of 2008, an Egyptian state website has reported.
Oil traffic was said to have declined in what is traditionally a slow month for the waterway.
Analysts point out that canal revenue – a vital source of foreign currency in Egypt – has now fallen year on year...
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