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

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.

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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