House committee to study port fee hike: The House Transport Committee formed a committee to coordinate with maritime companies in studying the repercussions of the Transportation Ministry’s decision last year to hike port fees by as much as 100%, Al Borsa reports. The committee will send its first report to the House within the next two weeks. As we noted earlier this month, five major shipping lines pulled out of East Port Said Port and transferred their activities to Greece in response to the fee hikes. Meanwhile, port workers have called on President Abdel Fattah El Sisi to roll back the fee hikes, Al Mal reports.
More from Enterprise
CIB’s 3Q net income falls 17% y-o-y, 9M core earnings grow 18%
Here are the stories driving the day, both at home…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX’s newest investors meet their first selloff
Heavy borrowing, margin calls, and looming repayments could make a…