Egypt's Suez Canal revenue drops 15 pct in October
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November 9, 2009, 11:40 am

CAIRO (Reuters) - Egypt's Suez Canal revenue declined 14.7 percent to $398.9 million in October, down from $467.5 million in October 2008, a canal official said on Monday. Revenue in September was $382.5 million. The number of vessels passing through the waterway was 1,555, up from 1,454 in September but down from 1,930 in October 2008. The canal is an important source of foreign currency for Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad.

 

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