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Investment Firms and EGX Discuss Cooperation
Egypt and Kuwait organized a virtual seminar to enhance cooperation and investment between the two countries. During the session, they discussed economic developments, reforms in the Egyptian market, and available investment opportunities. The session pointed out that the Egyptian market has experienced notable growth, with the market capitalization of the stock exchange surpassing 4 trillion Egyptian pounds (approximately $83 billion). Additionally, more than 385,000 new investors have joined since the beginning of the year, and daily trading volume exceeds 15 billion pounds. One of the prominent calls was for expanding and increasing Kuwaiti investments in Egypt, which currently amount to around $7 billion, and to leverage various economic opportunities to strengthen the economic and investment partnership between the two nations.
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