The Supply Ministry expects to establish an exchange market for industrial and agricultural commodities this year, Assistant Supply Minister Ibrahim Ashmawy said, according to Al Mal. The exchange will initially allow five commodities — flour, iron, oil, corn and cement — to be traded.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…