The Alexandria Containers and Cargo Handling Company decided to reduce container handling fees by c. 20% for eight of its services starting August, Al Mal reported on Tuesday. The move is a bid to attract customers after the recent fuel price hike, which is expected to have an inflationary effect on shipping and transport fees. In a surprise move the company also increased fees by up to 60% for two services, an unnamed company executive tells the newspaper.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
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…