Through the Administrative Control Authority's keenness to hone skills and build capacity as a basic pillar for establishing the principles of governance and administrative reform in various sectors in accordance with the latest scientific methods and basis, the Authority organized a panel discussion entitled "Financial Markets and Development of the Egyptian Economy", at the ACA's headquarters in the New Administrative Capital. Minister Amr Adel, Chairman of the Authority, was present as well as several ACA's leaders and staff. This was meant to unify the visions and ideas on how to create a conducive environment for local and foreign investments to ensure support for the growth of the Egyptian economy and realization of Egypt's Vision 2030.
The session was attended by Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, Dr. Islam Azzam, Chairman of the Egyptian Exchange, Mr. Mohamed Sabry, Vice Chairman of the Egyptian Exchange. Several members of the Board of Directors of the Egyptian Exchange also attended, namely: Dr. Hashem El-Sayed, CEO of Oden Investments, Mr. Ahmed Abu El-Saad, CEO of Azimut Egypt for Fund Management and Portfolio Management, Dr. Dalia El-Sawah, Managing Director of Integrated Engineering Group, and Ms. Rania Yaqoub, Chairwoman of Three-Way Securities Brokerage.
The session reviewed the features of the non-banking financial sector in Egypt; the latest financing and investment mechanisms in the financial markets as a pivotal element in attracting investments and achieving sustainable economic growth; as well as the impact of technology and digital transformation on the investment fund document exchange system. This is in addition to introducing the trading provisions and mechanisms in the Egyptian Stock Exchange, and the state's efforts to monitor trading operations to ensure the provision of an investment environment characterized by transparency, disclosure, and protection of investors' rights.
The session ended with several outcomes, the most prominent of which was addressing the positive returns expected from the expansion of corporate registration in the stock exchange and its impact on the national economy. It also emphasized the importance of developing various financial instruments and constantly innovating and creating new mechanisms to meet the needs of the economic sectors and expand their options, as well as supporting the state's efforts to create a conducive investment environment.
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