Business

Suez Canal revenue drops 7.4 pct in Feb vs Jan

Revenue from the Suez Canal fell to US$375.3 million in February, down 7.4 percent on the previous month and down 1.6 percent compared to a year earlier, the state information portal said late on Thursday.

Revenue in January was US$405.1 million. In February 2012 it was US$381.4 million.

The waterway is one of the main sources of foreign currency for the economy, which struggling to head off a currency crisis, alongside tourism, oil and gas exports and remittances from Egyptians living abroad.

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