Egypt’s capital financial markets are becoming increasingly competitive.
Egypt’s capital financial markets are becoming increasingly competitive.
- The Egyptian Exchange experienced impressive growth in recent years. Its annual value of trades grew from $7.8 billion in 2004 to $67 billion in 2007.
- In 2007 and 2008, the Egyptian legislature introduced the Nile Stock Exchange, creating capital-raising opportunities for small and medium-sized businesses.
- At the same time, the existing Egyptian Stock Exchange saw the introduction of intraday trading.
Source: Oxford Business Group