Egypt membership in International Federation of Stock Exchanges

Egypt may soon become a full member of the International Federation of Stock Exchanges (IFSE).

This was discussed yesterday by Minister of Investment Mahmoud Mohie Eddin when he met with an IFSE delegation which lauded the recent performance of the Egyptian Stock Exchange.

In promoting full membership, Mohie Eddin underlined the benefits that could be gained for the Egyptian economy, noting that the IFSE currently has 54 members who represent 97 percent of the global capital.

In a related development, the minister met yesterday with a delegation from the International Fund Institute which was led by Hauard Handi, Chief Advisor to Institutes Board and CEO.

This visit comes in preparation for the Institute's annual report about the state of the Egyptian economy.

Discussed in the meeting were all recent economic reforms and their impact on the economy compared to activities last year.

In a pre-report announcement, the Board is already hailing the ongoing political reforms which they anticipate having a significant impact upon future international investment.