Egypt Suez Canal revenue down 1 pct in year to Feb

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By Reuters

CAIRO: Revenue from Egypt’s Suez Canal inched down 1 percent in the year to February, the Egyptian Information Portal website showed on Saturday.

Revenue fell to $381.4 million in February from $388.7 million in February 2011, the website said. Revenue in January 2012 was $445.8 million.

The waterway 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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