Dr. Mohammad Omran, The Egyptian Exchange (EGX) Chairman left on Wednesday 20th May for the Armenian capital (Yerevan) to chair the Federation of Euro-Asian Stock Exchanges (FEAS) Board meeting. The meetings will discuss the ways to develop and activate its role for the member stock exchanges’ modernization, in addition to discuss the reports of the working committees to improve the federation.
Dr. Omran noted that EGX through its presidency of FEAS is playing a leading role in the region by raising the emerging markets’ efficiency to maximize the level of their participation in the development process and economic support, pointing that the challenges facing the emerging markets are growing continuously and need unification and communication among the emerging nations to defend their interests.
Omran said that he is focusing on 3 main issues during the current period : developing standards and regulations for market surveillance, moreover to develop the legislative structure and finally to improve the investment flows among the member countries.
It’s noteworthy that FEAS includes 34 countries with total market capitalization of about $ 800 billion and average annual trading value of $ 500 billion. Dr. Mohammad Omran was elected to be FEAS Chairman in 2014, to be the first country to win that position after Turkey.