Middle East Economic Survey
Suez Traffic Shows Early Signs Of Recovery, Remains Well Below 2008 Levels
Monthly revenues from the Suez Canal, a vital source of income for the Egyptian government, are slowly starting to pick up after falling in February to just 60% of the highs achieved in August last year. But they remain well below last years levels. According to data released by the Suez Canal Authority, monthly revenues rose to $342.4mn in May, from $301.8mn in...