Gov’t needs to take decisive action on port fees issue: The investigation into the Transportation Ministry’s decision to hike port fees is dragging on far too long, meaning nothing has been done to reverse Egypt’s losses from the decision, Dorreya Sharaf El Din writes for Al Masry Al Youm. Considering the gravity of the shipping lines pulling out of the East Port Said Port as a result of the increased fees, the government should take decisive action to fix the issue at a much faster pace, she says.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…