Suez Canal revenues up 11.5 percent in 2017/2018
A statement of Suez Canal “SC” authority has revealed that current year Canal revenues 2017/2018 has increased 11.5 percent to a ranking standard reaching 5.585 milliard dollars, Maritime Transport Sector said in its press release.
Though fiscal year did not yet end, where it starts first of July and ends 30June, and it did not give a reason for announcement of such number now: previously it has announced increase in revenues as from May and anticipated a ranking number for the whole year: referring that to international trade growth improvement in maritime transport sector and SC expansion in 2014 that aimed at refreshing economy and retrieving trust in in the countries location being a trade traffic center.
This although Egyptians in general have been harmed of the loan program of the 12 milliard dollars from international monetary fund at the time, yet some economists say that it will help economy to return to its right track.
