Egypt’s Suez Canal revenues surge 7.75% in October

Egypt’s Suez Canal revenues increased 7.75 percent to $506.1 million in October from $469.7 million last year.

Suez Canal Authority’s chairman Mohab Mamish previously said the canal posted earnings worth around $5.6 billion during financial year 2017/2018, increasing by $600 million or 11 percent year-on-year.

The canal’s revenues rose 5.4 percent in 2017, reaching $5.3 billion.