Chairman: Egypt stock exchange ready for IPOs of govt, private sector

Egyptian Stock Exchange Chairman Mohamed Omran said the bourse is ready for launching IPOs of governmental and private sectors, an action that would boost the Egyptian capital market.  On the fringe of the ninth meeting of the African Securities Exchanges Association, Omran underlined the efforts exerted by the government and the Central Bank of Egypt (CBE) within the framework of an all-out economic reform program to bridge the financing gap of the Egyptian economy.  Omran hailed the inking of the 12-billion-dollars loan deal with the International Monetary Fund (IMF).  Omran underlined the importance of improving the investment climate in Egypt, expediting economic reform steps, luring foreign investments and activating private sector investments.