Egyptian Commodities Exchange
The Egyptian Commodities Exchange (EGYCOMEX) is a proposed commodities exchange in Egypt.
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.
 | |
| Type | Commodities exchange |
|---|---|
| Location | Cairo, Egypt |
| Owner | Egyptian government, Sigma Investments Group, INGOT Brokers and Sabika |
| Key people | Egyptian government, Iman Mutlaq |
| Currency | Egyptian pound |
| Website | www |
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.[1][2]
See also
References
- "Global consortium to inject $50m in Egypt commodity exchange". MUBASHER. 26 November 2015. Retrieved November 28, 2015.
- "Egypt signs protocol to establish commodities exchanges". The Cairo Post. 26 November 2015. Retrieved November 30, 2015.
External links
- Egyptian Commodities Exchange (EGYCOMEX)(official website)
- Sigma to launch Egypt's exchange for grains trading
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