The Suez Canal Authority’s (SCA) decision to reduce transit and mooring fees at the East Port Said port last month has also been applied to the port of West Port Said, Al Mal reports. The SCA had dropped fees in a bid to draw more shipping activity to the ports, after Ocean Alliance — which includes CMA CGM Group, APL, Evergreen, and China’s COSCO Shipping — ceased operations at the East Port Said port in protest of high fees.
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…