Suez Canal October Revenue Rises Month-on-month

Egypt’s Suez Canal revenue rose to $490.2 million in October from $470.7 million in September, the cabinet said on Thursday.

The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency.

Reporting by Momen Saeed Atallah; writing by Nadine Awadalla; editing by Jason Neely

maritime professional