{"id":559856,"date":"2021-02-07T03:57:30","date_gmt":"2021-02-07T03:57:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/"},"modified":"2021-02-07T03:57:30","modified_gmt":"2021-02-07T03:57:30","slug":"egycomex-to-pilot-with-the-start-of-the-wheat-season","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/","title":{"rendered":"Egycomex to pilot with the start of the wheat season"},"content":{"rendered":"<p><strong>Egypt\u2019s long-awaited commodities exchange (<\/strong><strong><a href=\"http:\/\/www.egycomex.com\/\">Egycomex<\/a><\/strong><strong>) will kick off trading on a<\/strong><strong> pilot basis in late<\/strong><strong> April or early May<\/strong> when the next wheat season begins, and Egypt is aiming to supply 4 mn tonnes of wheat in the coming season, Supply Minister Ali El Moselhy said, according to <a href=\"https:\/\/bit.ly\/3rwicCK\">Mubasher<\/a>. Internal Trade Development Authority Chairman Ibrahim Ashmawy \u2014 who will also be chairman of Egycomex \u2014 had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/448d2768-4310-463e-af98-dcd93cbfd05a\">told the local press last year<\/a> that the exchange would begin trading in wheat in the first half of 2021, but later <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea76e369-faad-4557-b1f6-15c5b295688e\">pushed the launch<\/a> to the second half of 2021. Ashmawy had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f5b51152-7fc0-4084-8b84-8a767cb6260a\">previously told us<\/a> that traders would be able to buy and sell wheat, oil, sugar, and rice when the exchange launches, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d1c9909-41da-4e79-92fa-4cfe6c482d6e\">said in a separate interview<\/a> that gold, steel and cotton would be added later. The exchange has been in the works since <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/14\/house-passes-amendments-to-the-capital-markets-act\/\">February 2018<\/a>, when it was made possible after amendments made to the Capital Markets Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s long-awaited commodities exchange (Egycomex) will kick off trading on a pilot basis in late April or early May when the next wheat season begins, and Egypt is aiming to supply 4 mn tonnes of wheat in the coming season, Supply Minister Ali El Moselhy said, according to Mubasher. Internal Trade Development Authority Chairman Ibrahim [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":559857,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[779,317,2319,72,3729,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-ali-el-moselhy","tag-commodities","tag-egyptian-commodities-exchange","tag-enterpriseam","tag-ibrahim-ashmawy","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"19c94280-45bf-49ca-8f94-e82bb8b09cb7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/114.jpg","photo_position":"above","related_issue":[559837],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egycomex to pilot with the start of the wheat season - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egycomex to pilot with the start of the wheat season\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s long-awaited commodities exchange (Egycomex) will kick off trading on a pilot basis in late April or early May when the next wheat season begins, and Egypt is aiming to supply 4 mn tonnes of wheat in the coming season, Supply Minister Ali El Moselhy said, according to Mubasher. Internal Trade Development Authority Chairman Ibrahim [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-07T03:57:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/114.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egycomex to pilot with the start of the wheat season\",\"datePublished\":\"2021-02-07T03:57:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/114.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ali El Moselhy\",\"commodities\",\"Egyptian Commodities Exchange\",\"EnterpriseAM\",\"Ibrahim Ashmawy\",\"wheat\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/egycomex-to-pilot-with-the-start-of-the-wheat-season\/\",\"name\":\"Egycomex to pilot with the start of the wheat season - 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The commodities exchange will start trading\u2026","rel":"","context":"In &quot;SPEED ROUND: MARKETS&quot;","block_context":{"text":"SPEED ROUND: MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558899,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/egycomex-to-go-live-in-1q2022\/","url_meta":{"origin":559856,"position":1},"title":"Egycomex to go live in 1Q2022","author":"enterpriseam admin","date":"31 August 2021","format":false,"excerpt":"Egypt\u2019s long-awaited commodities exchange (Egycomex) is set to start full operations in 1Q2022, Ibrahim Ashmawy, head of the Internal Trade Development Authority and chairman of the new exchange, told Akhbar Al Youm. The commodities exchange began trading on a pilot basis this past spring to coincide with the start of\u2026","rel":"","context":"In &quot;MARKETS&quot;","block_context":{"text":"MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/317.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574390,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/ibrahim-ashmawy-appointed-chairman-of-forthcoming-commodity-exchange\/","url_meta":{"origin":559856,"position":2},"title":"Ibrahim Ashmawy appointed chairman of forthcoming commodity exchange","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"Egypt\u2019s new commodity exchange just got a new chairman as we inch closer to launch: Internal Trade Development Authority Chairman Ibrahim Ashmawy has been selected to lead Egycomex, the new commodity exchange, according to Hapi Journal. Ashmawy told the newspaper that the structural and administrative frameworks for the exchange are\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575831,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/egycomex-to-begin-trading-in-wheat-in-1h2021\/","url_meta":{"origin":559856,"position":3},"title":"Egycomex to begin trading in wheat in 1H2021","author":"enterpriseam admin","date":"28 October 2020","format":false,"excerpt":"Egypt\u2019s Commodities Exchange (Egycomex) will begin trading in the first half of 2021 and will launch with only wheat as a tradeable commodity, newly-appointed chairman Ibrahim Ashmawy told the local press. Ashmawy previously told us that traders would be able to buy and sell wheat, oil, sugar, and rice when\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548930,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/egycomex-could-open-later-this-year\/","url_meta":{"origin":559856,"position":4},"title":"Egycomex could open later this year","author":"enterpriseam admin","date":"28 August 2022","format":false,"excerpt":"Egypt\u2019s commodities exchange (Egycomex) could go live before the end of the year, with trading of gold set to start as a first phase, Ibrahim Ashmawy, head of the Internal Trade Development Authority, told Bloomberg Asharq (watch, runtime: 15:25). Ashmawy told us back in 2020 that traders would be able\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574462,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/10\/beltone-ci-capital-and-efg-hermes-will-hold-stakes-in-the-commodities-exchange\/","url_meta":{"origin":559856,"position":5},"title":"Beltone, CI Capital and EFG Hermes will hold stakes in the commodities exchange","author":"enterpriseam admin","date":"10 September 2020","format":false,"excerpt":"Beltone, CI Capital and EFG Hermes will hold stakes in the new Egyptian Commodities Exchange (Egycomex), exchange boss Ibrahim Ashmawy tells us, though he did not outline who will own how much. Their shares will be part of a 49% ownership stake that will be held along with state banks\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/125.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=559856"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559856\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559857"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559856"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559856"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}