Egyptian Commodities Exchange

The Egyptian Commodities Exchange (EGYCOMEX) is a proposed commodities exchange in Egypt.[1][2][3][4]

Khaled Hanafi, Egypt's Supply Minister and Iman Mutlaq(CEO of the Jordan-based Sigma Investments) on behalf of the consortium signs cooperation protocol to establish first ever electronic Egyptian Commodities Exchange in Egypt in November 2015.
Egyptian Commodities Exchange
TypeCommodities exchange
LocationCairo, Egypt
OwnerEgyptian government, Sigma Investments Group, INGOT Brokers and Sabika
Key peopleEgyptian government, Iman Mutlaq
CurrencyEgyptian pound
Websitewww.egycomex.com

A three-member consortium signed cooperation protocol with Egyptian government to establish a US$35–50m worth electronic Egyptian Commodities Exchange in Egypt as the first ever country in the MENA region; it will facilitate the well-being of the small farmers and supply of products at reasonable prices abolishing the monopoly of goods.[5][6]

See also

References
  1. "Egypt to Launch Agricultural Commodities Bourse by Year's End". Asharq Al-Awsat. February 1, 2016. Retrieved May 16, 2022.
  2. "Grain games: Egypt to open MENA's first agricultural commodities exchange". Al Bawaba. February 1, 2016. Retrieved May 16, 2022.
  3. "Egypt takes steps to launch commodity exchange in 2016". Daily News Egypt. February 9, 2016. Retrieved May 16, 2022.
  4. "Egypt plans to launch agriculture commodities bourse". Gulf Daily News. February 1, 2016. Retrieved May 16, 2022.
  5. "Global consortium to inject $50m in Egypt commodity exchange". MUBASHER. 26 November 2015. Retrieved November 28, 2015.
  6. "Egypt signs protocol to establish commodities exchanges". The Cairo Post. 26 November 2015. Retrieved November 30, 2015.


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