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Egypt's Suez Canal Revenues Fall in September, Down for 2015

Toll revenues for Egypt's Suez Canal have fallen in September, dampening hopes that a new parallel waterway - which authorities claim will more than double canal income in the next seven years - will boost the economy in the immediate future. While the canal's much-hyped extension was one of the mega-projects President Abdel-Fattah el-Sissi said will help spur an economic turnaround, the two months since its Aug. 6 opening have brought in weaker revenues than the same months...

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