Egypt expects Suez Canal tourism revenues to spike by end of fiscal year

Spread the love

[ad_1]

Egypt expects Suez Canal tourism revenues to reach between $10 billion and $12 billion by fiscal year end, despite the Ukrainian crisis. Egypt’s fiscal year runs from July 1 to June 30.

Reuters | | Posted by Zarafshan Shiraz, Cairo

Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday.

Tourism revenues are expected to reach between $10 billion and $12 billion by then, despite the Ukrainian crisis, he added. Egypt’s fiscal year runs from July 1 to June 30.

The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency. 

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.


Close Story

[ad_2]

Source link

Tags:

90 thoughts on “Egypt expects Suez Canal tourism revenues to spike by end of fiscal year

Leave a Reply

Your email address will not be published. Required fields are marked *