Egypt Bourse to Meet with CBE on Recent Changes in Exchange Rates

The Egyptian Exchange is scheduled to hold a meeting with the Central Bank of Egypt within the upcoming period to control the recent changes occurred in the foreign exchange rates, EGX Board Member Hashem Elsayed told Amwal Al Ghad on Tuesday.

EGX’s anticipated meeting aims to provide the optimal investment climate for all the investors willing to make investments in the Egyptian market, Mr. Elsayed added.

Elsewhere, he noted that the EGX management has completed its amendments to the listing and membership regulations through adding some new articles that seek to activate the market.

On the newly-made amendments, Mr. Elsayed said they include a number of articles added to the public offering regulations, planning to encourage the presence of new firms proven their investment feasibility.