The Egyptian Exchange Chairman Meets With The Belgium Ambassador To Discuss Latest Developments In The Egyptian Capital Market

Dr. Mohamed Omran, the Egyptian Exchange (EGX) Chairman, met today morning H.E. M. Gilles HEYVAERT, Belgium Ambassador in Cairo. The meeting shed light on the latest issues regarding the Egyptian capital market development statistics which has outburst during the beginning of the year.
 
Both Dr. Omran and H.E. Gilles Heyvaert stressed on the strong relations between the two countries.  Dr. Omran stated that EGX welcomes all the initiatives regarding new investments direct and indirect investment flows. He also invited the Belgium companies to study listing on EGX as well as inviting the companies that has representative offices in Egypt to benefit from the funding tools EGX offers such as Egyptian Depository Receipts. He finally encouraged the investment portfolios to invest in Egypt.   
 
From his side, the Belgium ambassador emphasized that the International Society has witnessed closely the Egyptian  development over the past 3 years. He also pointed out that the his country has strong economic relations with Egypt where Belgium is considered the forth commercial partner with Egypt. Its exports value concludes about USD 1.8 billion whereas Belgium imports Egyptian products of a value about USD 400 million. He finally conveyed the importance of reducing the gap between exports and imports between the two countries.