These indicators point to the beginning of a gradual recovery in maritime traffic through the canal.
During his meeting with the International Monetary Fund mission, Rabie highlighted that from the beginning of July until now, 5,874 vessels have transited the Canal, with a total net tonnage of 247.2 million tons, generating $1.970 billion in revenue.
Remittances from Egyptians working abroad surged 55.3% to $36.5 billion, up from $21.9 billion in the previous year.
The SCA said the decision was made in response to requests from shipowners and operators, and aims to incentivize major shipping lines to resume using the canal, especially as security conditions in the red sea improve.
The CBE attributed the widening deficit primarily to the increase in the trade balance deficit, which surged by 47.4% to reach $27.5 billion.
