In line with The Egyptian Exchange (EGX)’s efforts to keep to the international standards, EGX Chairman, Mohamed Farid, held a number of meetings that aimed at promoting for EGX worldwide and identifying the reforms that are taking place in the stock market as well as the developments in the economic front in order to attract more foreign investments.
EGX Chairman’s meeting that started on Sunday, included meetings with representatives of the European Bank for Reconstruction and Development, as well as a meeting with the representatives of the Association of Egyptians working in the field of business and business in London, along with representatives of the London School of Business and a number of major global investment funds.
Mr. Farid said that this external campaign comes at a very important timing, after the bold and unprecedented reforms the government implemented. These reforms regained the confidence of the world and achieved very positive results, including the stability of macroeconomic indicators and enhancing the private sector participation in the economic activity, making it the focus of the world current opportunities.
"Egypt and the stock market are ready to receive foreign investments" he said; he also added that exchanging experience and accessibility to the world enhance the performance and capabilities of EGX.
The meeting discussed how to develop and modernize the SMEs exchange in Egypt. The Bank's representatives expressed a strong desire to contribute to the development of that market because of its great importance in stimulating growth, attracting investments and increasing operating rates.
During his meeting with 25 representatives of several international investment funds, EGX Chairman reviewed the reforms package Egypt witnessed recently on the financial, monetary, investment and legislative levels as well as the latest developments in the stock market.
"Egypt now has one of the most successful reform stories in the region, following the bold reform measures taken by the government that no one had expected in the last 60 years, including liberalization of the local currency".
Farid pointed out in his meeting with the group of the Egyptians working in the financial field in London the latest developments plans adopted by the stock exchange current management.
He also discussed in his meeting the ways to enhance the cooperation through training programs the stock exchange employees to develop their skills, as well as exchange experiences on the latest financial technology.
