CAIRO: The German Ambassador to Egypt, Michael Bock, said Egypt is on its way to stability and its growth rates in the markets of Egypt are expected to exceed the previous rates. He also expected the entry of new German investments in Egypt worth 20 million euro in the retail wholesale sectors. “Egypt is carrying promising investment opportunities in all economic areas, which soon will be reflected on the volume of German direct investment in the Egyptian market,” Bock said in statements on Sunday. He said the Chairman of the Federation of German Industries will visit Egypt soon for the opening of new projects in the areas of retail and wholesale. Ashok Aram, the Executive Director of the Deutsche Bank for the Middle East and North Africa, explained that “The achievements of the Egyptian Stock Exchange during the past few days, a sign of optimism about the future of the Egyptian stock exchange, which is for Deutsche Bank one of the most active emerging financial markets, which will prompt during the coming period, Deutsche Bank, to re-Assess and address the Egyptian stock investors in all European capitals to restore confidence to invest in Egypt's economy, which has all the elements eligible for the resumption of growth and rise at high rates do not differ significantly from those achieved in many emerging economies such as India, China and Brazil.” BM
