Latest news with #AlaMassoulity
Egypt Independent
13-05-2025
- Business
- Egypt Independent
Suez Canal mulls 15% discount on transit fees, authority chief
The Chairman of the Suez Canal Authority in Egypt, Osama Rabie, on Monday announced that a study is now underway into providing a 15 percent reduction in transit fees for some companies for a specific period. During an interview with Ahmed Moussa's TV show 'Ala Massoulity' (On My Responsibility) on the privately-owned satellite channel Sada al- Balad, Rabie explained that this study aims to encourage more ships to use the Suez Canal. Rabie anticipates the decision to be formally announced in the coming days following Egyptian President Abdel Fattah al-Sisi's approval. He assured that the Suez Canal Authority is constantly working to achieve maximum economic benefit and enhance confidence in the global waterway. The transit of any number of ships through the Suez Canal will be a boon for the Egyptian state, he said. He added that 30 ships currently transit the canal daily for a global French shipping agency, indicating that the canal continues to operate despite regional tensions. Rabie explained that international shipping companies are awaiting a return to calm in the Red Sea region so that ships can resume normal transit through the Suez Canal. Jordan has requested the Suez Canal Company to manufacture a large launch for it, he said, noting that work on implementing this project is currently underway.
Egypt Independent
13-04-2025
- Business
- Egypt Independent
Egypt's Bakeries Division reveals expected increase in Fino bread prices
The head of the Bakeries Division, Abdullah Ghorab, said that a meeting will be held on Sunday at the Chamber of Commerce to coordinate with the Ministry of Supply and Internal Trade regarding the price of tourist (non-subsidized) and Fino bread, following the recent increase in fuel prices. During a phone interview with Ahmed Moussa's TV show 'Ala Massoulity' (On My Responsibility) on Saturday evening, Ghorab said that there will be an increase in the price of tourist and Fino bread. He pointed out that baking a sack of flour consumes 16 liters of diesel. Ghorab explained that the price of tourist and Fino bread is expected to increase by no more than 25 percent, noting that the weight of the loaf will remain unchanged. He pointed out that the increase in diesel prices significantly impacts bread production.
