ICEC

C.Bank: Suez Canal Registers US$5.37bn Revenues in FY13/14

A report issued from the Central Bank of Egypt (CBE) revealed that Suez Canal revenues surged by 6.7% (US$337.3 million) within the fiscal year which ended on June30 2014 to register US$5.37 billion in compared to US$5.03 billion during the fiscal year of 2012/2013.

Egypt is aiming to double Suez Canal’s revenues by the upcoming years through drilling canal parallel to Suez Canal to receive the dilemmas.

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