The Suez Canal Authority has reportedly decided to postpone the announcement of unified fees for national ports to allow facilities across the country more time to prepare for new regulations, sources tell Al Borsa. The new fees, which were approved in August and should have come into effect in October, are meant to reduce competition between domestic ports. It’s unclear when the new fees will be announced.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…