The Council of Ministers extended for an additional year the maritime transport export subsidy program managed through Investment Development Authority (IDAL).
The $14 million program expired in March. IDAL is the public entity responsible for the disbursement process.
Exporters use the program to send their products through two ports, Aqaba in Jordan, and Duba, in Saudi Arabia. IDAL requested adding Iraq to export destinations.
A year after the export program was approved,...
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