CAIRO: Chairman of the Egyptian Exchange (EGX) Dr. Mohammad Omran headed Thursday to the U.S. where he will hold three meetings Friday with some of the largest financial institutions in the world, according to an EGX statement.
“I will show the positive developments in the economy recently, in addition to strategic projects launched in implementation such as the Suez Canal and the North Coast,” Omran stated.
Omran added in the statement that his visit comes in light of EGX efforts to reinstate foreign investors’ confidence in the economy in general and the stock market in particular.
He is scheduled to visit the headquarters of the Bank of New York- Merrill Lynch, to meet with managers of investment funds and portfolios in the United States, and ring the bell of NASDAQ OMX trading session end in celebration of his visit.
Omran said the stock market clearly interacts with the positive developments, hiking by 105 percent since June, 2013, to rank 1st place in the growth of developed countries and second in emerging countries.