No. 04



Suez Canal Revenues Down 3.98% In 1996

The Revenues of the Suez Canal fell by 3.98% to$1.881bn in 1996 from $1.959bn in 1995, the Suez Canal Authority's (SCA) StatisticsDepartment said on 9 January. In an effort to ward off competition from other routes andmeans of transport and to arrest the decline in its income, the SCA decided last November(a) not to raise the Canal's transit rates in 1997 for a third year in a row, and (b) tooffer greater incentives to...