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Arab Finance – Egypt obligates foreign yachts to pay for fuel at the international price


Egypt obliges foreign yachts to pay for fuel at the international price

Foreign yachts will have to pay for fuel at the international price instead of the subsidized local prices, according to what the East Economy website reported, citing an official document it reviewed.

A few days ago, the Suez Canal Authority issued new incentives and facilities for yachts passing through the global shipping channel in an attempt to encourage yacht tourism and marine tourism in the Red Sea region.

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