The Federation of Chambers of Commerce announces fully digital shop licensing

The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.

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

What it means for traders

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

Where the divisions stand

• an expanded Ahlan Ramadan fair among next quarter’s priorities
• A review of the timetable with the trade divisions
• A monthly report to the federation’s board

He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.