Cairo – Mubasher: Egypt’s investment minister Sahar Nasr on Monday met with the London Stock Exchange’s (LSE) delegation.
Both parties were in talks over attracting investment to Egypt and boosting mutual cooperation.
Nasr discussed with the delegation ways of attracting foreign direct investments (FDIs) to Egypt, particularly from British investors, Ministry of Investment and International Cooperation highlighted in a statement.
Both sides also conferred boosting the Egyptian firms’ capabilities to benefit from diversified financing resources.
This came as part of the minister’s meeting with the head of International Business Development, Primary Markets at LSE Tom Attenborough and Manager of International Government Relations Adam Scheuer, in the presence of the UK’s Ambassador to Egypt.
Attenborough indicated that the LSE is seeking to expand its cooperation base with the Egyptian Exchange (EGX).
On 15 October, Egypt and the UK’s Department for International Development (DFID) talked over activating the letter of intent (LOL) signed between both the Egyptian and the British governments.
This LOL, which was signed on 8 March, stipulates bolstering Egypt with $168 million.
Egypt has received GBP 17 million from activities operated by London in the country.
