Suez Canal Jan revenue up 18%
Egypt's Suez Canal, the world's longest waterway, has revenue of US$349.6 million in January, or 18 per cent more than in the same month a year earlier. The number of ships transiting the waterway that links the Red Sea to the Mediterranean Sea rose by 116 vessels, or 7.7 per cent, to 1,629 ships last month, Suez Canal Authority spokesman Tarek Abdalla said. The canal earned Egypt US$3.8 billion from January to December last year, and is among the country's largest foreign currency earners.