The Egyptian Exchange boosted its technology investment by about 100 percent over the past year, chairman Islam Azzam said, calling fintech spending a “strategic necessity” for the market’s modernisation.
Speaking during the main panel at the Market 2.0 Conference, organised by the Bahrain Bourse in cooperation with the Arab Federation of Capital Markets, Azzam said the EGX has recently focused on upgrading its new core trading platform, which is due to launch in 2026.
He said more than 10 key support systems are also being developed to “enhance operational efficiency across technology units.”
The gathering brought together CEOs of Arab stock exchanges, senior regulators and financial-sector leaders from across the region.
Azzam highlighted several systems rolled out to bolster liquidity and deepen the market, including the government debt instruments trading system, the international depository receipts framework and the EGX Gate application, which he said offers “an advanced digital experience for investors.”
He added that the EGX is pressing ahead with plans to introduce its financial derivatives market, a move that requires “extensive technological upgrades,” alongside efforts to expand the use of digital applications among brokerage firms to support financial inclusion and
speed up digital transformation in Egypt’s capital market.
Azzam stressed the importance of building strong internal technology teams, noting that around 18 percent of EGX employees now work in IT-related departments a figure he said reflects the sector’s strategic role in the exchange’s operations.
Meta activates 2Africa, the world’s longest open-access subsea cable system
