Friday September 11 2020

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General

Country: Egypt


On 9th September 2020, the Egyptian Exchange (EGX) published an announcement regarding the formation of the Egyptian Mercantile Exchange (EMX) as part of Egypt’s plan for the development of its internal trading.

The Egyptian Mercantile Exchange (EMX) has been launched with a capital of EGP 91m distributed on the Egyptian Exchange (EGX), the Internal Trade Development Authority (ITDA), the Egyptian Holding Company for Silos and Storage (EHCSS), and the General Authority for Supply Commodities (GASC).

The Egyptian Mercantile Exchange Constituent Assembly held its first meeting to discussed measures and procedures for the speedy activation of this market.

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