News
Newsfeed
News
Tuesday
July 05
USD
407.52
EUR
425.9
RUB
7.41
Show news feed

Egypt expects revenues from the operation of the Suez Canal to reach about $7 billion by the end of the current fiscal year, the country's Finance Minister Mohamed Maait said on Saturday, Reuters reported.

Tourism revenues are expected to reach $10 billion to $12 billion by then, despite the Ukrainian crisis, he added. Egypt's fiscal year runs from 1 July to 30 June.

The canal is the fastest shipping route between Europe and Asia and a major source of foreign exchange for the Egyptian government.

 

!
This text available in   Հայերեն and Русский
Print
Photos