EGYPT

 

Suez Canal Revenue Edges Up, Despite Global Crisis

The Suez Canal Authority (SCA) reported on 26 July that revenues rose by 3.6% year-on-year to $5.225bn end of June 2012 compared with $5.043bn end-June 2011. On releasing the results, the SCA commented on the repercussions of the global economic crisis and the instability within the Eurozone countries, but it noted that improved global economic forecasts “give hope for a better perspective for...