EGYPT

Suez Canal Traffic Close To Record Levels 

• Revenues hit a bumper $447mn for August. Takings have steadily climbed since the start of 2009. Buoyant revenues for 2011 provided a fillip to Egypt’s revolution-ravaged economy as receipts from tourism nosedived. At $5.22bn, 2011 revenues were the highest since 2008’s all-time record of $5.38bn. Total cargo was 65.6mn tons for August, close to August 2008’s all-time record of 68.4mn tons. Volumes for the first...