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Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year – minister

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.


Source: Economy - investing.com

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