Suez Canal Traffic Rises 27% in August, Revenue Jumps

Maritime navigation through the Suez Canal improved in August, with traffic rising 27 percent and revenue jumping to $567 million, according to Suez Canal Authority chief Rabie. The increase represents a 56.7 percent rise in revenue compared with the same period last year. Rabie also called for unconventional solutions to global shipping challenges. Separately, Egypt stressed cooperation on the Nile for mutual benefit and rejected unilateral measures.