President Sisi reviews tourism structural reform program with minister of tourism    Trump hails India's Modi for election win    Pentagon confirms weighing more troops for Middle East    No definitive conclusion reached on reports pointing to chemical exposure in Syria attack: US State Department    Qatari president of PSG under graft investigation in France    Egypt's Central Bank maintains interest rates on deposits and loans at 15.75%, 16.25%    72nd Cannes Film Festival: It's all about fresh talents    2019 African Cup of Nations tickets now available for sale: Committee    Egypt's tourism ministry seeks to obtain UNDP's Gender Equality Seal    Houthi targets arms depot at Saudi airport in Najran    Huawei sales will not be affected by Google's suspension of business: MTI    Shoukry, Sadadi convene in Cairo over regional updates    Swiss embassy in Cairo, WorldFish complete YEAG project    12 alleged militants killed in two separate raids in Al-Arish    Fanzir plans to launch 3 projects, open HQ in Egypt: Aljishi    Microfinance portfolio in banks reaches EGP 6.94bn in Q1 of 2019    Four women challenge male-dominated food market in Ramadan    Lack of proper waste management in Egypt causes accumulation of marine plastic litter    Aiisha Ramadan & SADAFA Collaborate for SS'19 Arab Fashion Week    Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos    Al-Karma to publish Tawfik's last short story collection in June    Repatriation: Why Western museums should return African artefacts    Omani author Jokha Alharthi wins prestigious Booker International Prize    Newsreel    Breaking the record    Connected for exams    Pre-emptive strikes    Ahly held by Ismaily to lose two precious points in title race    Amending judicial regulations    Mubarak speaks    Tahya Masr Bridge: Breaking the record    EGP 300 million allocated for poor households, education: Ministry of Religious Endowments    Vaccine doubts spread like disease, must be taken offline: vaccine chief    Omani Writer Jokha Alharthi wins the 2019 Man Booker International Prize    General Prosecutor orders release of five prominent detainees    Egypt name national team's initial squad for AFCON 2019    Messages to Tehran    Mascot revealed, tickets on sale    Only one path to glory    Don't miss Al-Leila Al-Kebira puppet theatre operetta at Al-Hanager Arts Centre    In search of historical women    Why Egypt dominates squash: juniors' training plans, says Khalifa    Twelve alleged militants killed in shootout with police    Malawians vote in tough presidential election    Angry at being dubbed a hustler, Maradona dismisses new film    At Cannes, Arab Cinema Centre announces winners of its 3rd Critics Awards    President Sisi receives citizens for Iftar at his private residence    The alternative economy in Ramadan    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Nasr asserts EGX role in helping companies grow
Egypt receives AFE secretariat for this year
Published in Daily News Egypt on 24 - 04 - 2019

The Egyptian Exchange (EGX) is one of the channels which assists companies to receive finance, boost their growth, and offer job opportunities, said the Minister of Investment and International Cooperation, Sahar Nasr, on Tuesday. The statement came during her inaugural speech at the 10th annual conference of the Arab Federation of Exchanges (AFE), which was organised under the auspices of Prime Minister Mostafa Madbouly.
"Unemployment is a key challenge in the Arab region, I call for boosting joint work to face the challenges which hinder the development of the Arab exchanges in order to promote Arab economies," Nasr declared.
During the event, Egypt received the secretariat of the AFE for this year. The Minister of the Public Enterprise Sector, Hisham Tawfik, and the Head of the EGX, Mohamed Farid, attended the event, as well as the World Bank Group's Senior Vice President for the 2030 Development Agenda, Mahmoud Mohieldin.
There is a positive cooperation between the local government and the EGX in order to boost the amount of investments into the market, the minister said, affirming that the government pays great attention to the development the Egyptian capital market.
The EGX assists companies to commit to the best international practices for sustainability and governance which positions the firms on the international investment funds map, the minister remarked.
Women's representation in the boards of the listed companies increased to 10.2% in 2018, from 9.6% in 2011, according to the data of the EGX.
For his part, Tawfik said that his ministry will shortly offer one of its companies in the EGX, with the aim of increasing the cooperation with the private sector to develop public enterprises.
On Monday, Madbouly held a meeting for the representatives of the AFE, in the presence of Farid and Nandini Sukumar, the CEO of the World Federation of Exchanges.
The meeting aimed to highlight Egypt's support toward the cooperative and integrative efforts among Arab stock exchanges, hence contributing to the promotion of development efforts in the Arab region.
During the meeting, the prime minister stressed the importance of strengthening the coordination and integration among the Arab stock exchanges, especially in view of the pivotal role played by stock exchanges and financial markets in global economy.

Clic here to read the story from its source.