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Suez Canal revenues rise in August
Egyptian Suez Canal revenues rose to $ 494.3 million in August from $ 488.9 million in June 2018, according to official government data.
The Suez Canal Authority has announced that the channel's revenues for the fiscal year 2017-2018 reached a record level of 5.585 billion dollars, up from 5.008 billion in the previous year, with an increase of 11.5%.
It is the fastest shipping route between Europe and Asia and a major source of foreign currency for the Egyptian government.
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