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Companies Review

The Federation of Chambers of Commerce reviews fully digital shop licensing

A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.

6.7 Rated 6.7 out of 10

The division head said the meeting examined the direct effect of the decision on supply inside the local market, and that the Chamber submitted a detailed memorandum carrying traders’ proposals on the timetable.

Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.

The figures in brief

The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.

8.4 / 10

Verdict

The fair, reviewed

Well organised, and busier than expected.

  • Organisation 8.8
  • Turnout 8.0

What we liked

  • A wide turnout

What we didn’t

  • Cramped floor space
The small trader is not asking for a subsidy. He is asking for one clear rule that does not change every three months.
Ahmed El-Shahbandar, Chamber board member

Chamber figures put the number of registered businesses at 41,000, up by 3,400 on last year, most of them in retail and logistics.

The Chamber’s view

  • the container shortage at the ports among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.

Written by

Karim Fouad

Markets correspondent · 25 stories · 6,457 followers

Markets correspondent at Bayt Al Toggar, following market decisions and what they do to trade and supply in Cairo.

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