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Egypt's finance minister rings LSE bell, launches Egypt Day - Markets & Companies

Egypt's finance minister rings LSE bell, launches Egypt Day - Markets & Companies

Al-Ahram Weekly16-07-2025
In a symbolic gesture of Egypt's deepening ties with global markets, Minister of Finance Ahmed Kouchouk rang the opening bell of the London Stock Exchange (LSE) on Wednesday to inaugurate 'Egypt Day' — a high-profile investor event spotlighting the country's economic reform efforts and investment potential.
Addressing an audience of international business and financial leaders, Kouchouk quipped, 'Markets don't sleep… and neither do finance ministers,' underscoring the urgency and determination behind Egypt's reform agenda.
The minister unveiled a new strategic framework titled Trust, Partnership, and Certainty, aimed at deepening cooperation with both domestic and international investors. He stressed the importance of open dialogue and direct engagement with the global business community to unlock fresh opportunities in the Egyptian market.
"Through the London Stock Exchange — a global symbol of financial excellence — Egypt reaffirms its dedication to building long-term, transparent, and mutually beneficial partnerships," Kouchouk said.
Highlighting recent economic performance, he pointed to strong fiscal indicators over the past year, including a substantial primary budget surplus, accelerated GDP growth, and increased exports, gains attributed to structural reforms and an improving investment climate.
Kouchouk also underscored the private sector's growing leadership in driving economic activity, supported by greater policy stability and ongoing regulatory improvements aimed at enhancing the business environment.
Closing his remarks, Kouchouk said: 'Together, we begin our day with promising prospects for building more dynamic and growth-oriented international partnerships that will further energize the Egyptian economy.'
The event marks a significant milestone in Egypt's ongoing effort to establish itself as a premier destination for global capital and a leading player among emerging markets.
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