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Prosecuted 11 Transport Coop Members at Suez and Red Sea
The Board of the Competition Protection Agency confirmed that 11 members of the Cooperative Society for Loading, Unloading, Transportation, and Container Trading at the Suez and Red Sea ports have committed violations related to monopolistic practices. This followed investigations that uncovered practices harmful to competition and affecting the shipping and maritime transportation market in the region. No details were provided regarding the specific nature of the violations or penalties, but the decision indicates that strict regulatory measures will be taken against the offenders to promote fair competition in the sector.
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