21 Hrs
Source:
اقتصاد
Suez Canal Revenue Rises 56.7% in August
Egypt's Suez Canal revenues increased by 56.7% in August 2026, reaching $567.1 million compared to $326 million in the same month of the previous year. The number of ships passing through also rose by 27% to 1,358 vessels, while net tonnage grew by 51.1% to 68.3 million tons. The canal authority's head, Osama Rabei, affirmed that maritime traffic remains smooth and secure despite geopolitical disturbances. He emphasized the canal's vital role in ensuring global supply chain stability, highlighting ongoing efforts to diversify revenue sources through developing the maritime units industry and expanding related services. Additionally, he pointed out the canal’s contribution to the development of Arab and African ports.
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