Egyptian mercantile exchange to launch with Russian wheat ...News

The new trading hub is expected to help attract foreign capital to the country The Egyptian Mercantile Exchange (EMX), which is set to open on November 27, will begin with Russian wheat being offered, the country’s deputy minister of internal trade and supply, Ibrahim Ashmawy, announced on Saturday. “Tomorrow the Egyptian Mercantile Exchange will be launched, its work will begin with wheat trading,” Ashmawy said, as cited by the local Sada El Balad TV channel, adding that “the department for the supply of goods is a seller, and it will start trading with offers of Russian wheat.” The official stressed that “the la

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