“The EGX has shown strength and resilience in the face of successive global challenges,” Abdelatty said during his speech at the event, praising the role of the EGX as an artery of the national economy.

According to a ministerial statement, he also praised the EGX's contribution to the gross domestic product (GDP), thus boosting investors' confidence in the Egyptian economy.

"I believe that joint actions will enhance international cooperation in the fields of financial markets and financial infrastructure, encourage foreign investment, and facilitate trading operations. All of this is aimed at making the EGX more attractive to foreign businessmen," he added.

Based on its long history, the EGX aims to be the leading capital market in the Middle East and North Africa region that best serves its stakeholders, according to its website.

Egypt’s top diplomat also stressed that all Egyptian institutions, including the Ministry of Foreign Affairs and the Egyptian Exchange, have an important role in achieving this goal.

Abdelatty also addressed Egypt's diplomatic efforts to enhance economic and trade relations with all friendly countries and promote Egypt as an attractive and stable business destination.

He underlined the ministry’s keen interest in reinforcing communication with international financial and economic institutions to mobilize all support for the economic reform efforts and take advantage of the opportunities offered by these institutions to finance Egyptian investments.

FM Abdelatty reviewed the foreign ministry's efforts to communicate and coordinate with international economic organizations, especially the BRICS and Cairo's participation in the G20, and its involvement in efforts to reform the global financial system's structure to tackle growing economic challenges.

EGX history
  

The history of the EGX began with the establishment of the Alexandria Stock Exchange in 1883, which was initially set up for futures mercantile transactions. Under the reign of Khedive Abbas II in 1899, the Stock Exchange relocated to a new building on Muhammed Ali Street, signifying its growing importance.

The establishment of the Brokers' Syndicate in 1902 marked a significant development, as its regulations became the foundation for governing stock market transactions and establishing formal trading standards, according to the EGX official website.

In 1903, the Cairo Stock Exchange was inaugurated, with the creation of the Egyptian Company for Banking and Stock Exchange, founded by investors and brokers. The old building of the Ottoman Bank on Maghrabi Street was chosen as its headquarters. By 1908, Cairo saw the establishment of a functioning trading platform, and the first law regulating stock exchanges was issued in November 1909.

In 1928, the Stock Exchange moved to its current location on Al-Sharifin Street, with the new headquarters funded by a company formed by brokers, marking a new chapter in the evolution of Egypt's financial markets.

Meanwhile, the Egyptian Exchange has recently launched the “stock exchange dialogue” platform on its online portal.

The platform aims to provide a form for collecting suggestions and allowing visitors of the EGX website to express their opinions on topics of interest

It also aims to gather the opinions of various market sectors to enrich the decision-making process, aligning with the EGX-boosting strategy.

This strategy was approved in January to establish a national constructive dialogue with all market sectors.