The Investment Authority announces the financial-inclusion drive for traders
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.
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.
The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.
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.
| Commodity | Last week | This week |
|---|---|---|
| Steel | 41,200 | 42,000 |
| Cement | 3,850 | 3,900 |
Transparency in the supply chain is not a burden on the market; it is what protects it from monopoly.
Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
What happens next
- the financial-inclusion drive for traders among next quarter’s priorities
- A review of the timetable with the trade divisions
- A monthly report to the federation’s board
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.
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