NEW YORK: To celebrate the first “Egypt Day at the New York Stock Exchange (NYSE), Minister of Investment Mahmoud Moheildin rang the NYSE closing bell.
Beltone Financial had announced the Feb. 4 celebration to “showcase the increasing levels of investment opportunities in Egypt, the Middle East and North Africa region (MENA), it said in a statement.
Moheildin led a delegation of government officials and business leaders so they could share their economic insights with prospective US investors.
The reception we are receiving from US investors is overwhelmingly positive, said Aladdin Saba, Chairman of Beltone Financial, the region s premier investment bank. Compelling investment opportunities in Egypt are attracting abundant flows of Arabian Gulf petro-dollars. Sound fiscal policies, in conjunction with the non-existence of the sub-prime lending crisis, are cushioning Egypt from volatility. These factors, amongst others, enable Beltone to be well-positioned as the local liaison between the global investment community and the Middle East, he said.
Chairman of the Cairo and Alexandria Stock Exchange (Case) was also present, along with American investors from Egypt who talked about investment opportunities in the region. The CEO of NYSE Euronext, Mr. Duncan Niederauer was also present.
Beltone Financial, spearheading this unique investment conference in the US, is the fastest-growing investment bank in the Middle East. Headquartered in Cairo, the company has offices throughout the region. Beltone Enclave opened in New York in 2007 and is the first investment bank exclusively dedicated to serving institutional and high-net-worth investors in the Middle East and North Africa.
The financial services industry in the region is emulating world-class global players, added Saba. And, with Egypt s unique geographical position at the gateway to the world s largest block of consumers – 2 billion people over three continents in Asia, Africa and Europe – we are well poised to address both global and local sophisticated investors.
