Businessman Ayman El-Gamil said that the money market is one of the most important indicators of the strength of the economy, the efficiency of the work environment, the diversity of market capabilities and the components of growth, given what it allows for easy entry or exit from the labor market, fast and effective dynamic financing tools, and the ability to Monitoring market performance and exploring crises and problems urgently, allowing them to be dealt with through supervisory procedures and money market management mechanisms, pointing out that the Egyptian Stock Exchange played this important role during the past years, and had an influential role in reviving the market during a very critical period, after the world lived A huge health and economic crisis, which has caused financial burdens and deflationary pressures for many countries and markets.
The prominent businessman added that the stock exchange is recording a very positive performance at the present time, the last of which is the rise of 12 sectors during the last days' trading, driven by a wave of demand and buying from Egyptians and Arabs, with the stability of the money market, improvement in financial and economic indicators, and the increase in the attractiveness of the market and the competitiveness of investment activities, in addition to the case The recovery in the stock market through increased demand for trading and involvement in the money market. He continued: "The entry rates to the stock exchange are growing, through the movement of new offerings for prominent companies and economic groups, with an active subscription movement, the enrollment and encroachment of thousands of young people and individual investors to trade in stocks and bonds, with stable performance, high feasibility and safety of investment in the stock exchange.
Al-Jamil emphasized that the recent reform package and restructuring and development measures have played an important role in enhancing the state of stability and a positive performance climate, both in terms of developing trading mechanisms and creating a new system for trading bonds in cooperation with the Ministry of Finance and the Central Bank, to provide comprehensive and accurate information on offers, requests and prices, in a manner. It is allowed to increase circulation rates, build a yield curve, create indicators and products related to fixed income instruments, as well as amend the money market law and create a mechanism for securitizing rights and expected future financial dues, which represents an innovative and non-traditional alternative for financing projects and economic activities of public and private entities.
Businessman Ayman Gemayel stressed that the procedures related to the money market, bond circulation and securitization of rights and entitlements are indirectly related to a package of reform and structural measures implemented by the government and the Ministry of Finance, including the development of tax work mechanisms, the governance of directorates and financial departments and the general budget for the sake of governing revenues and expenditures and controlling deficits and levels Borrowing and issuing bonds, in addition to digitalization efforts and financial inclusion, the system of electronic invoices and the tightening and control it provides over economic activities and the trading of goods and services, all of which control market performance and achieve positive effects not less than the effects of the stock market on investment, the economy and growth rates.
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Ayman El-Gamil, Businessman Ayman El-Gamil, Investment in Egypt, State Projects, President El-Sisi's Instructions, Development Strategy in Egypt
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