Gold prices in Egypt on July 5    Egypt condolences Iran over recently earthquake – minister    Egypt's stock exchange hits six-year low on Monday    Egypt, Eni's Ieoc sign deal for energy transition, clean energy projects    Egypt introduces first beach for visually-impaired guests in Alexandria    Egypt's athlete Basma Emad wins bronze in weightlifting in Mediterranean Games    Saudi citizens could enter Schengen countries visa-free    Egypt's Petrojet returns to Libyan oil sector after 11 years    Cemex, VeryNile sign deal for Egypt's Nile River    Congo needs Egypt's expertise to diversify its economy – FPI official    Dostarlimab drug cures rectal cancer patient 100%, trials show    Egypt: A royal train turns into a new tourism attraction    For the first time John Legend to perform in Egypt    Egypt discovers newly treasure trove of ancient artifacts at Saqqara Necropolis    Noura Al-Mutair – first Gulf female boxer in World Championships    Liverpool fans: "You'll Never Walk Alone" to Cristiano Ronaldo    Egypt to play key role in integrating water, climate issues globally – World Bank official    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's commodity exchange signs MoU with Belarusian BUCE
Published in Amwal Al Ghad on 17 - 08 - 2021

The Belarusian Universal Commodity Exchange (BUCE) has signed on Tuesday a memorandum of understanding with Egypt's commodities exchange (EGYCOMEX).
The agreement aims to develop cooperation between the BUCE in several areas, including electronic exchange trade in strategic commodities, sharing experience of using the exchange mechanism for buying and selling goods, introduction of new commodities highly sought after in Belarus and Egypt. It also targets the involvement of business entities of both countries in exchange trade, organising joint events, and strengthening business ties between Belarusian and Egyptian companies.
The EGYCOMEX intends to study the possibility of using BUCE software for launching the exchange trades in agricultural products.
The agreement was signed between Alexander Osmolovsky, chairman of the BUCE, and Ibrahim Ashmawy, chairman of EGYCOMEX the Board of the Egyptian Commodities Exchange (EGYCOMEX).
Egypt's Supply Minister Ali Moselhy with his delegation in an official visit to Belarus discussing ways of cooperation with Alexander Osmolovsky, chairman of the Belarusian Universal Commodity Exchange (BUCE), along with officials in the BUCE on Tuesday, August 17, 2021 (BUCE photo)
The document was signed during the official visit of the Egyptian delegation led by Egypt's Supply Minister Ali Moselhy to Belarus.
Osmolovsky stressed that the visit of the Egyptian delegation was of utter importance for Belarus.
"Egypt is a strong economy, one of the fastest growing on the African continent. Such meetings and contacts are important for us. We signed a memorandum of understanding with the Egyptian Commodities Exchange, which has recently been launched in Cairo." Osmolovsky said.
"We hope that it will help us improve our work in the Egyptian market. We also hope that we will help Egypt by sharing our extensive experience and expertise. BUCE is an internationally recognised electronic marketplace with over 26 thousand clients in 66 countries, and we are really good at what we do,"
Minister Ali Moselhy stated that one of the priority tasks is to increase mutual trade with Belarus.
"We are studying the workings of the commodity market in Belarus and particularly the technological aspect. We are looking at possibilities to establish channels for technology and knowledge transfer, and to expand interaction between the exchanges of Belarus and Egypt," Moselhy said.
Egypt's Supply Minister Ali Moselhy with his delegation with Belarussian officials next to the Belarusian Universal Commodity Exchange's (BUCE) headquarters in Minsk, Belarus, with a sign written in Arabic welcoming the Egyptian delegation on Tuesday, August 17, 2021 (BUCE photo)


Clic here to read the story from its source.