Opening the 10th Annual Conference of Arab Federation of Exchanges in Cairo, Egypt

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Opening the 10th Annual Conference of Arab Federation of Exchanges in Cairo, Egypt

H.E. Dr. Sahar Nasr, Minister of Investment and International Cooperation, H.E. Hesham Tawfik Minister of Public Affairs and Mr. Mohamed Farid Saleh, Executive Chairman of The Egyptian Exchange gave their opening speeches starting the 10th annual conference of the Arab Federation of Exchanges held Under the Auspices of H.E. Dr. Mostafa Madbouly, Egyptian Prime Minister in Cairo-Egypt and hosted by EGX.
In her speech, H.E. Dr. Sahar Nasr congratulated EGX for hosting this event stating that the Ministry of Investment is always working in cooperation with EGX to increase the volume of investment in the Egyptian market adding that the Egyptian Government gives great importance to the development of capital market at all levels. 
H.E. Hisham Tawfik, Minister of Public Affairs said that the Ministry is in constant cooperation with the Economic Ministerial Committee responsible for the governmental listing program adding that the Egyptian Exchange shall welcome the first listing very soon this year. Tawfik suggested the creation of an Arab Association for market members like The Egyptian Capital Market Association focused on sharing experiences on how to develop Arabic exchanges and increase their role in the development of the economy.
Mohamed Farid Saleh said that EGX is honored to chair the AFE, stating that we will draft a comprehensive plan for communication and development of Arabic exchanges and increase its role in the world’s economy. He said that the AFE members have to be ready for the competition from the unregulated markets, supported by advanced technological applications.  Adding that overcoming obstacles and development require extensive communication efforts to attract new segments of investors and especially youth for long term progressive savings.  Farid stated that working on the sustainable development is a key element for the success of the region.   
During his speech, Dr. Fadi Khalaf said that the Conference is no longer a regional event, but turned out to be an international forum, aimed at creating a better environment for investment in the region.



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