Mohamed Farid, chairperson of the Egyptian Exchange (EGX) and the Federation of Euro-Asian Stock Exchanges (FEAS), said that Egypt’s economic reform programme put the country in a position allowing it to create its success story, adding, “tremendous improvements were made.”
Farid noted, at CFA Institute’s Middle East Investment Conference on Monday, that the Egyptian reform programme is irreversible and the process will continue, in order to achieve prosperity for Egyptians.
“You need to have economic activity to support the capital market and improve the competitiveness of Egyptian products on the international market,” said Farid.
Ahmed Abou El Saad, chairperson of Rasmala Egypt Asset Management, said that organising the first CFA Institute conference in Egypt is a result of various trials over the past five years.
Abou El Saad added that the economic improvements in the past two years encouraged the CFA Institute to organise the conference in Egypt.