Egypt’s capital financial markets are becoming increasingly competitive.

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