Egypt bourse to host Euro-Asian stock exchanges federation annual meetings

Egyptian stock exchange (EGX) is hosting Wednesday the annual conference of the Federation of Euro-Asian Stock Exchanges (FEAS) in Sharm El-Sheikh.

In the presence of more than 25 heads of European, Asian, and Arab stock exchanges, the event will take place on November 16-17.

Hosting this year’s FEAS annual meetings marks Egyptian bourse’s regional position as a leading market on the emerging markets’ level, said Mohamed Omran, EGX’s chairman.

EGX’s presidency of FEAS has focused on mechanisms to develop a platform that aims to defend the emerging markets interests and strengthen their position at the international level.

Omran confirmed that FEAS Board and General Assembly meetings will study ways to restructure the federation to overcome recent difficulties, and to restore its role in supporting member bourses, as well as to develop strategies that would increase the investments coming to the federation.

The meetings will also tackle means to support the legislative and regulatory structure of the members and to achieve a degree of consensus among them to keep up with the international standards, the Egyptian official added.

EGX has won the FEAS presidency in 2014, when it was elected for the first time for that position after nearly 20 years of Istanbul Stock Exchange’s FEAS presidency.