Egypt Suez Canal Revenue Rises 12.4% in October

Egypt's Suez Canal reported $551 million in revenue for the month of October, the canal authority's chairman, Osama Rabie, said on Tuesday.

The monthly revenue from transit through the canal increased 12.4% year on year, he added.

The canal's revenue reached $4.862 billion from Jan. 1 to Oct. 12, the canal chief said in October.