The Ministry of Supply sets out the financial-inclusion drive 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.
The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.
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
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.
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.
The figures in brief
- 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
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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