ALC is advising ITDA on company that will manage Egypt’s commodity exchange

Our friends at ALC Alieldean Weshahi & Partners are advising the Supply Ministry’s Internal Trade Development Authority (ITDA) on the establishment of the company that will manage the Egyptian Commodity Exchange, the local press reported. Company shareholders will include ITDA, the General Authority for Supply Commodities, the Holding Company for Silos and Storage, and the Egyptian Exchange. The exchange is expected to launch between August and November of this year, or by January 2021, ITDA head Ibrahim El Ashmawy had previously said.