Middle East Economic Survey
VOL. LIII
No 4
25-Jan-2010
EGYPT
Suez Canal Authority Revenue Falls 20% In 2009
Egypts state-owned Suez Canal Authority (SCA) has confirmed that transit revenues through the Suez Canal fell year-on-year by 20.3% in 2009, reaching $4.3bn compared to $5.4bn in 2008. The authority sees economic factors rather than piracy in the Somali basin behind the reduced traffic. The main factor for the decline in last years revenues was the economic and financial crisis which began in...
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