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Egypt Suez Canal revenues up in December

Egypt Suez Canal revenues up in December

Egyptian government figures show that revenues from the Suez Canal climbed almost 4.8 percent year-on-year in December.
Data from the Suez Canal Authority on Sunday showed revenues from the vital waterway climbed to $443.7 million in December from $423.4 million in the same month in 2010. Revenue was up almost 1.9 percent from November to December 2011.
The popular uprising that ousted former President Hosni Mubarak in mid-February has ravaged Egypt's economy, leaving the canal as one of the few solid foreign currency earners for the currency after tourism and foreign investment took a beating during near daily protests.
The demonstrations have stifled productivity and scared away investors.