Freight & customs

The Competition Authority warns of rising building-material prices

The ministry’s representative stressed that the new rules aim at transparency in the supply chain rather than at fixing prices, and that breaches will go to the Consumer Protection Agency.

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

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

What it means for traders

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.

Commodity Last week This week
Steel 41,200 42,000
Cement 3,850 3,900
Staple prices
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.

Where the divisions stand

  • fully digital shop licensing 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

Ahmed El-Shahbandar

Managing editor · 25 stories · 7,587 followers

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

Comments

One comment

Join the discussion

Every field is required unless marked otherwise.

Your address is never shown. It is used only to recognise your earlier comments.

Comments are reviewed before they are published. We keep your comment and your contact details to run the discussion, and for nothing else. Read the privacy policy

ع