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Wednesday, 12 August 2020

Egyptian Commodity Exchange law will be with Parliament in October, says El Moselhy

LEGISLATION WATCH- Cabinet will submit the law that will establish the Egyptian Commodity Exchange to the House of Representatives in its next legislative session, which is set to begin in October, Supply Minister Ali El Moselhy said, according to Masrawy. El Moselhy did not provide any details on the legislation. The bill was scheduled to be with the Madbouly Cabinet for review in May after the Supply Ministry completed the drafting process. El Moselhy said earlier this week the exchange itself — which previous reports indicated will initially trade wheat, rice, corn, potatoes, onions, and oranges — will be inaugurated by the end of August.

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