A high-level Egyptian economic delegation has begun its visit to England to promote investment in Egypt as well as chances provided by the Egyptian economy, as Egyptian economic officials expect gradual return of foreign investment to Egypt once presidential elections are over.
Finance Minister Hani Qadry reviewed during a meeting at the British exchange market investment opportunities as well as developments of Egyptian economy and expectations to the future.
The minister also reviewed, during the conference organized by Beltone Financial, several economic problems including those of energy and fuel shortage, saying they are being resolved.He also added that Egypt seeks achieving a growth rate of no less than 10.5 percent, according to Al-Arabiya.net
A session has been allocated for the new tools of investment within the Egyptian exchange market including the exchange traded fund, which will be launched soon. the XT-MISR will be the first exchange traded fund in Egypt and will be dragged into the exchange market soon.
Alaa Sabaa, Beltone Financial chairman, said XT-MISR is an easy method to diversify the investments and an excellent tool for individuals and institutions to benefit from chances of investments.
Maged Shawqy, the executive chief of Beltone Financial, said exchange traded funds proved success in other markets over the past years. He also expected XT-MISR to increase trading in the Egyptian market and attract more investors.
Edited translation from Al-Masry Al-Youm
