Egyptian Mercantile Exchange opens with Russian wheat offered

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Egyptian Mercantile Exchange opens with Russian wheat offered

STORY: Egyptian Mercantile Exchange opens with Russian wheat offered DATELINE: Nov. 28, 2022 LENGTH: 0:01:03 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Stock Exchange 2. SOUNDBITE (Arabic): ATTIA HAMMAD, Head of the Bakeries division at the Cairo Chamber of Commerce STORYLINE: The Egyptian Mercantile Exchange (EMX), a new trading hub in Egypt, opened on Sunday, starting with Russian wheat being traded. The move aims to alleviate the impact of the international economic crisis of commodities, including grains. The launch of a new commodity exchange in Egypt is a great addition to the country's trading system, as the EMX is expected to help attract foreign capital to the country. The exchange will also help provide goods at a fair price, ensure the protection of small farmers, contain monopolies and achieve price stability. SOUNDBITE (Arabic): ATTIA HAMMAD, Head of the Bakeries division at the Cairo Chamber of Commerce "This issue should have been raised since a long time ago. The

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