Saturday 12 March 2011

Egypt's Suez Canal revenue up 16.3 pct yr/yr in Feb | Reuters

Revenue from Egypt's Suez Canal rose 16.3 percent year on year in February but fell from January, the canal authority's website showed on Friday.

Many canal employees were on strike throughout the month as the protests that ousted the government of Hosni Mubarak spread across the country, but officials said traffic in the waterway was unaffected.

The canal is a vital source of foreign currency in Egypt, along with tourism, oil and gas exports and remittances from Egyptians living abroad.

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