The Egyptian Exchange’s (EGX) delegation headed by Mohamed Abdel Salam, Chairman of the Egyptian Exchange, commences the promotional campaign of its financial and economic activities in New York City. The Chairman held comprehensive meetings with representatives of U.S. financial institutions to review critical elements of the Egyptian economy characterized by its large pool of highly liquid companies and its oldest stock exchanges in the Arab region.
This promotional campaign in New York which is organized by EGX in cooperation with Deutsche Bank as part of the series of promotional visits the stock exchange is recently organizing in cooperation with the regional and international investment banks. It intends to provide all data and disclose information which highlights the attractive aspects of EGX. It not only raises the investor confidence in the future of Egypt whereby there is a decline in the financial and administrative corruption levels in Egypt after the 25th January Revolution, but also aims at emphasizing the foreign investment opportunities in Egypt. Furthermore, investment in Egypt presents more opportune returned in comparison with other emerging markets positively impacting the economy and leading to significant job creation.
These series of meetings also witnessed workshops between representatives of major EGX listed companies, investors, and representatives of U.S. financial institutions. They preview the success stories of the Egyptian companies and their strong financial positions and their future development plans.
On the other hand, in the ceremony of Egyptian Capital Markets Day in New York, the chairman of EGX, Mr. Mohamed Abdel Salam, rings the closing of bell in NASDAQ in the presence of the Egyptian General Consul of New York, His Excellency Mr. Yousef Zadeh, and Mr. Sandy Frucher, Vice President of NASDAQ OMX who pointed out that Egypt is the second biggest economy in Africa and mentioned its unique geographical presence and the power of its people, He also praised the cooperation between NASDAQ and EGX that officially started in 1999, whereas he expressed optimism about better future for the Egyptian stock market.
Additionally, the Egyptian General Consul of New York, His Excellency Mr. Yousef Zadah noted that the 25th of January Revolution aims at better life, better living conditions, providing job opportunities and on top of all a democratic life. This is within the new phase of revolutions the Arab region is currently witnessing now; thus, it requires support from countries all over the world to allow the Egyptian economy to achieve its previous growth rates and exceeded them.
Worth mentioning, the Egyptian delegation is scheduled to travel to the United Kingdom on Tuesday to continue EGX promotional campaign in London, where delegation from the Egyptian officers will participate.