This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.

The Egyptian Exchange (EGX) celebrated the completion of The Egyptian Mercantile Exchange (EMX) feasibility study with a ringing of Bell ceremony opening the trading session on Sunday. The event was attended by Dr. Ali El-Moselhy, Minister of Supply and Internal Trade, Mr. Ibrahim Ashmawy, Head of the Internal Trade Development Authority, Mr. Al-Qusayr, President of the Egyptian Agricultural Bank, and a number of officials representing stakeholders of the commodities market in Egypt.

Egypt’s first fin-tech company, e-finance, said it would be offered in an initial public offering (IPO) by the end of the year, Ibrahim Sarhan, head of e-finance said at the Euromoney Egypt Conference, held in Cairo on Monday. 

Egypt’s government is gearing up to implement the second wave of Initial Public Offerings (IPO) in September.