Egyptian Prime Minister Reviews EGX’s performance in 2020
08/02/2021
The Egyptian Prime Minister, Dr. Mustafa Madbouli, held a
meeting with Dr. Mohamed Farid Saleh, Executive Chairman of The Egyptian
Exchange (EGX), today to discuss EGX’s performance in 2020.
During the meeting, Dr. Madbouly stated that the Egyptian
government is exerting all efforts to support the reform plans, especially the
efforts to overcome the negative repercussions of the pandemic, specifically the
development of the performance of EGX and its management’s efforts to maintain the
stability of its trading.
Dr. Mohamed Farid reviewed the performance of EGX in 2020, stating
that it was an exceptional year affecting all economic indicators worldwide,
stressing that despite these exceptional challenges, EGX continued its
development program, namely; The activation of the SME market restructuring
plan, the establishment of the Egyptian Mercantile Exchange, and working on
establishing the derivatives market.
He added that priority was given to ensure continuity of
business, to strive to take the necessary measures to stabilize trades, as well
as to work in parallel to complete the reform plans. This was clearly reflected through the
measures taken for the stability of market; development of the electronic
voting system “E-Magles”, integrating all decisions with the governmental
decisions to ensure the stability of trading, as well as the reform on all
aspects of the value chain.
He said that the COVID-19 effect impacted economies globally,
particularly the movement of international trade and the flow of investments,
according to international reports, but these reports praised the performance
of the Egyptian economy and its efficient way of performance during this hard
time, stressing that this reflects the extent of confidence in the
effectiveness and balance of economic and financial policies of the Egyptian government.
Egyptian Prime Minister Reviews EGX’s performance in 2020
The Egyptian Prime Minister, Dr. Mustafa Madbouli, held a
meeting with Dr. Mohamed Farid Saleh, Executive Chairman of The Egyptian
Exchange (EGX), today to discuss EGX’s performance in 2020.
During the meeting, Dr. Madbouly stated that the Egyptian
government is exerting all efforts to support the reform plans, especially the
efforts to overcome the negative repercussions of the pandemic, specifically the
development of the performance of EGX and its management’s efforts to maintain the
stability of its trading.
Dr. Mohamed Farid reviewed the performance of EGX in 2020, stating
that it was an exceptional year affecting all economic indicators worldwide,
stressing that despite these exceptional challenges, EGX continued its
development program, namely; The activation of the SME market restructuring
plan, the establishment of the Egyptian Mercantile Exchange, and working on
establishing the derivatives market.
He added that priority was given to ensure continuity of
business, to strive to take the necessary measures to stabilize trades, as well
as to work in parallel to complete the reform plans. This was clearly reflected through the
measures taken for the stability of market; development of the electronic
voting system “E-Magles”, integrating all decisions with the governmental
decisions to ensure the stability of trading, as well as the reform on all
aspects of the value chain.
He said that the COVID-19 effect impacted economies globally,
particularly the movement of international trade and the flow of investments,
according to international reports, but these reports praised the performance
of the Egyptian economy and its efficient way of performance during this hard
time, stressing that this reflects the extent of confidence in the
effectiveness and balance of economic and financial policies of the Egyptian government.