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FINANCIAL NEWS
Egypt to launch commodities exchange
04 Jul 2010
(MENAFN) Al-Ahram daily newspaper reported that Egypt plans to launch a commodities and financial derivatives exchange in the second half of 2011 in cooperation with a global stock exchange.
An agreement will be signed with one of the global exchanges that has experience in commodities and financial derivatives bourses, the paper quoted Maged Shawky as saying.
Egypt is the world’s largest wheat importer. The country of almost 80 million people is also an importer of sugar.
Egyptian cotton, once the backbone of the country’s exports, has gone into decline in recent years as liberalisation in 1994 exposed farmers to volatile global prices and rising fertiliser costs.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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