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EBRD Invites Omran To Be A Speaker In Its Annual Meetings
Dr. Mohamed Omran, EGX Chairman left to the Cyprus capital, Nicosia, as he was invited by the European Bank for Reconstruction and Development (EBRD), to be a speaker in the bank's annual meetings to be held on 9-11 May 2017. More than two thousand high-profile figures representing international organizations, investment funds and foundations in more than 57 countries will participating in the meetings.
Dr. Omran will be a speaker at a special session about the role of domestic financial markets in strengthening the financial system in emerging countries. The vice Chairman of the European Bank, head of the capital markets sector of the bank, and deputy governor of the Central Bank of Georgia will be discussing the matter with him.
Dr. Mohamed Omran, EGX Chairman, said that he will focus on the role of financial markets in supporting sustainable development plans in addition to EGX role in strengthening the emerging economies in the face of crises and increasing their ability to attract more investments; especially the challenges facing the performance of the global economy.
He added that the existence of an active capital market helps to provide the required funding for the economy at a lower cost. This facilitates the growth opportunities in the economy. Studies show that an active capital market helps to add about 1% GDP growth; EGX is witnessed in the recent period as a model for emerging markets and how to adapt its role in the service of the economy, where it was able to provide LE 36 billion for companies in four years.
Omran also praised the Bank's growing role, especially as the bank announced its intention to raise its investment portfolio in the Egyptian market to EUR 1 billion in 2017. This is equivalent to 50% of its investments since its entry into the Egyptian market in 2012. He added that the bank has great interest in the Middle East economic support initiative that includes an increase in the Bank's investments in the region of up to EUR 15 billion during the period 2016-2020 through financing facility and private sector support.
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