Egyptian Stock chief meets Infor, City Bank officials

CAIRO – 4 May 2017: Mohamed Omran, chief of the Egyptian Stock Company, met with a delegation from American giant Infor, an enterprise software company, alongside City Bank officials according to a Wednesday press statement.

During the meeting, Infor officials and CEO reviewed with the Egyptian party a business plan that is expected to take effect over the upcoming period, confirming that that the company plans to establish businesses with investments worth nearly $2 billion.

The officials moreover expressed their relief towards the bundle of economic reforms the government has undertaken recently, especially those relating to floating the local currency and the government’s efforts to alleviate restrictions on the remittances coming from foreign investors.

In the same vein, Reto Faber, head of Direct Custody and Clearing in Europe, the Middle East and Africa hailed the governmental economic plan which he said “gave a positive message to our clients to turn to investing in Egypt, and helped it regain its status in the world business plan,” the statement read.