Middle East Economic Survey


No 15



Suez Canal Sees First Monthly Rise In Traffic Since October

A rise in traffic through the Suez canal in March, for the first time since October last year, has raised hopes of an upturn in global trade that would help to restore a vital source of foreign income for Egypt. A source at the Suez Canal Authority (SCA) told MEES that the total number of vessels passing through the canal in March amounted to 1,439, compared with 1,272 in...