Live Coverage: Last day of Euromoney Egypt kicks off

CAIRO: 5 September 2018: The second day of the Euromoney Egypt Conference kicked off on Wednesday. Key interviews include the Chairman of the Egyptian Stock Exchange (EGX) Mohamed Farid and the Chairman of the Financial Regulatory Authority (FRA) Mohamed Omran.

By the end of the year, there will be around five public sector IPOs. Over the past years, IPOs were mostly launched by foreign institutions, Saleh stated, adding that there is an educational aspect that must be tackled to encourage local businesses to enlist in the stocks markets.

The 28th conference’s theme this years is “Resilience and Agility.” The first day hosted interviews with Minister of Finance Mohamed Moet and Minister of Telecommunication and Information System Amr Talaat.

Minister of Planning Hala El Saeed delivered the closing speech shedding light on legislations promulgated to boost investment and growth. She stressed the importance of the bankruptcy law.

The minister clarified that all sectors are currently contributing to growth and not just two sectors like before.

Saeed highlighted that current growth is the outcome of real partnerships between the government, the private sector, and the civil society.

The government aims to increase the annual growth from 5.3 percent to 8 percent in 2022.

There is also a target of boosting investments to reach 3.5 trillion EGP in four years.

The state wants to increase the manufacturing sector’s share in exports. The government offers lands at competitive prices across the country for that purpose.

Click here for the coverage of the first day of Euromoney Egypt Conference.