Egypt bourse’s chairman has met today with the Belgium ambassador in Cairo, discussing the Egyptian capital market’s performance and growth rates.
Dr. Mohamed Omran, the Egyptian Exchange (EGX) Chairman, met Monday morning Gilles HEYVAERT, Belgium Ambassador in Cairo. The meeting shed light on the latest issues regarding the Egyptian capital market development statistics which has outburst during the beginning of the year.
Both Dr. Omran and H.E. Gilles Heyvaert stressed on the strong relations between the two countries. Dr. Omran stated that EGX welcomes all the initiatives regarding new investments direct and indirect investment flows. He also invited the Belgium companies to study listing on EGX as well as inviting the companies that has representative offices in Egypt to benefit from the funding tools EGX offers such as Egyptian Depository Receipts. He finally encouraged the investment portfolios to invest in Egypt.
From his side, the Belgium ambassador emphasized that the International Society has witnessed closely Egypt’s progress over the past 3 years. He also pointed out that his country has strong economic relations with Egypt where Belgium is considered the forth commercial partner with Egypt. Its exports value concludes about US$ 1.3 billion whereas Belgium imports Egyptian products of a value about US$ 400 million. He finally conveyed the importance of reducing the gap between exports and imports between the two countries.