Printer Friendly

Egypt : Suez Canal revenues fell in 2015.

In spite of witnessing a growth in traffic, Egypt's Suez Canal saw its revenues fall in 2015, recording $5.17 billion versus $5.46 billion in the previous year.

According to an official statement from the Waterway Authority, the canal's recorded revenues last year equaled 3.7 billion units of Special Drawing Rights (SDR is the forex reserve asset defined and maintained by the International Monetary Fund).

In 2015, the canal, which connects the Mediterranean and the Red Sea, saw the passage of 17,483 ships as against 17,148 in the previous year.

[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2016 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Jan 16, 2016
Words:107
Previous Article:Dominican Republic,Korea Republic of : CHIBA LOTTE MARINES signs up Yamaico Navarro.
Next Article:Egypt,Ukraine : Ukraine and Egypt have significant potential for expanding cooperation in agricultural sector.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters