The Egyptian Exchange (EGX) has won the vice presidency seat in the Federation of Euro-Asian Stock Exchanges (FEAS) after holding elections during FEAS's 18th General Assembly hosted by the end of last week in the Bulgaria's Sofia. EGX's main rival for FEAS vice presidency seat was Amman Stock Exchange (ASE) which had quited the elections earlier before announcing the results. ASE decided to pull back from the elections after realizing that the EGX had collected most of the votes cast. FEAS's annual General Assembly has been held in the presence of Delyan Dobrev - Bulgaria's Economy, Energy and Tourism Minister - Hüseyin Erkan - Secretary General of World Federation of Exchanges (WFE) and Mustafa Baltaci - FEAS Secretary General. The Federation of Euro-Asian Stock Exchanges (FEAS) was established on 16 May 1995 with 12 founding members who have grown to reach 32 full members and 7 affiliate members. The full membership in this Federation is open to the stock exchanges from countries in Europe, outside the European Union and EFTA, including CIS, Central and South Asia and the Middle-East. While affiliate membership is open to the Central Depositories and Clearing and Settlement Institutions working in the respective countries.
