Lord Mayor Of London Visits The Egyptian Exchange To Discuss Means Of Cooperation

H.E. Lord Gifford Aldermn, Mayor of London, headed the British delegation visiting Egyptian Exchange (EGX) - Down Town Premise on Sunday 14/2/2013.
 
H.E. Lord Gifford illustrated the British Stock Market methods to attract companies to list which is based on corporate governance, transparency and funding mechanisms. He also revealed that the development plans will be the focus of talks in the scheduled meeting with Egyptian Minister of Investment. On the other hand, he confirmed that currently trust is the key for new investments to enter the Egyptian Market.
 
Dr. Mohammed Omran, EGX Chairman, highlighted the importance of communicating with foreign investors, particularly the British as they are one of the most important financial centers worldwide in order to rebuild the confidence in the Egyptian financial market.
 
EGX Chairman confirmed that the infrastructure and technicality of the Egyptian market enable the access of new financial instruments, particularly "Sukuk". He pointed out that the growing appetite of investors for trading this tool give hope that the government would approve its activation; hence attracting new categories of investors.
 
In line with this Ms. Lissette Mermod, Director of a British Financial Institution, stressed on the importance of discussing ways to enhance cooperation with international institutions such as The World Bank, the International Finance Corporation, and the African Development Bank. These institutions have the mechanism facilitates the capital increase for companies creating new jobs opportunities which reflects positively on macro-economic performance indicators.
 
The delegations accompanying Mayor of London as well as the international institutions are waiting eagerly the results of the negotiations of International Monetary Fund with Egypt.  They expressing their expectations of the flow of investments to Egypt in the case of the success of the loan.