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EGX Begins Its Roadshows by Meeting the Financial Institutions in the UAE
01/11/2022
The Egyptian
Exchange (EGX) held meetings with representatives of 16 mega Arab and International
financial institutions in the United Arab Emirates (UAE) during the past week. The meetings discussed investment opportunities at
EGX. The meetings identified foreign investors perception of the Egyptian
market, challenges and opportunities they are facing with the aim of attracting
foreign investments.
Rami ElDokany,
Executive Chairman of the Egyptian Exchange (EGX), indicated that finalizing the
International Monetary Fund (IMF) agreement will give a positive impact on the
market. He added that the Central Bank
of Egypt’s (CBE) current policies on FX are effective and will contribute to boosting
national economy performance. He also
said that EGX will be focusing more on financial technology solutions and
applications for its services and activating new mechanisms and tools such as
the derivatives market. EGX will be developing
Shariah Compliant Index and Carbon Emission Index. All efforts are aiming to provide
a competitive state-of-the-art Egyptian Platform attractive to foreign
investments.
During the
meetings, the participating financial institutions emphasized the
attractiveness of the Egyptian market and its weight in their portfolios. However,
they identified some points needed for better performance of the market.
The
promotional tour in the UAE also witnessed the meeting of Rami ElDokany with
the Dr. Dr. Abdulrahman A. Al Hamidy, Chairman of the
board of Arab Monetary Fund (AMF) and Mr
Arif Amiri the CEO of the Dubai International Financial Center (DIFC) to discuss
means of cooperation.
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