sidelines of the Euromoney Cairo 2010 : The government hopes to raise growth to 9% in two years

- Dr. Youssef Boutros Ghali and Minister of Finance, said he hoped that the estimated growth of between 8 and 9% in two years and 6% by the end of this year compared to 5.2% in 2009-2010, as predicted in remarks on the sidelines of the Euromoney Cairo 2010, which began its meetings yesterday that the falling budget deficit to 7.9% by the end of this year versus 8.3% last year.
Boutros-Ghali said at the conference, which involved money in sponsorship in the media and distributed through a special annex attached to the English-language and third in Arabic next to the Gazette that the government will focus on a number of issues during the coming period, primarily education and re-distribution of income as it plans to cut poverty in half within two years.

Ghali said in an opening speech before the first session of the conference that the importance of the global economy lies in the amount of investment pumped by investors in the Egyptian economy, noting that many investors believe that Egypt has a promising opportunities for growth may enable them to follow the example of China in the future.
For his part, Dr. Mahmoud Mohi El Din, Minister of previous investment that the investment rules and visions changed dramatically after the global financial crisis and has made the survival of the smartest able to keep pace with these changes and not stronger.

Select the Minister of Investment, the former 5 factors that must be met in any country is willing to maintain its position as the center of the global economy are summarized in improving the quality of human capital and raising the reliance on technology and promote the growth of a culture conducive to business growth next Alastqrrarin political and economic as well as the availability of the desire of the State itself in cooperation with other countries and exchange of investments and methods of information transfer.

Considered Mohiuddin what was raised in the recent past about shaking the confidence of investors in the domestic market as well as the clouds on the future vision of the local economy and its ability to attract foreign investment, something naked of health and called the application of the five criteria mentioned above to rule on Egypt's position, stressing that the perspective of an investor's long-term in the domestic market is considered stable under the political and economic stability enjoyed by the state.

In a related development, Minister of Investment said that the former despite the fact that investment in infrastructure in the local market area is still beloved for the private sector in the current period, the proportion of private sector contribution of the total port infrastructure projects does not exceed 2% compared to 25-40% countries East Asia, which led him to advocate a greater intensification of private sector participation in infrastructure projects which will be parallel with the Government's focus on investment in the same area.

Contrast the performance of stock indexes and the values of transactions recorded 14.6 billion pounds

Ended the Egyptian market trading month of Ramadan retains attribute president during this period each year, a calm in the frequency of transactions, but despite the calm during the month of Quran, but the Egyptian Stock Exchange came in second place in a list of 5 most active Arab stock markets after the Saudi market, which saw trades worth trading equivalent 8.07 billion dollars, followed by Egypt worth trading at 2.56 billion U.S. dollars.

The evolution of liquidity in the month of Ramadan, compared to the previous month
A review of the values and volumes of trades on the Stock Exchange during the month of Ramadan 1431 H (2010) and comparison with levels in the thirty days previous, we find that the values of trading during the sessions of the month of Ramadan 1431 H (2010) amounted to 14.6 billion pounds, compared to 25.88 billion was the total trading value during the last thirty days prior to the month of Ramadan that is trading value registered a monthly decline of 44%, comparing these figures Ramadan of the year 1430 (2009) we find that the decline represents the image of seasonal recurrent witnessed levels of liquidity in the Egyptian stock exchange during the month of Ramadan, compared to the previous month his values Vijamali trading bourse in the month of Ramadan 1430 AH recorded 23.3 billion pounds, while the previous month saw trades worth 33.4 billion pounds, a drop between the two periods by 30% while the percentage of decrease in value of trades in 1429 (2008 ) amounted to 14% compared to the previous month.

The evolution of the movement of the key indicators in the month of Ramadan

This was the modest levels of liquidity during the Ramadan effect on the stability witnessed by the indicators in the movement during the period not exceeding gains index EGX30 two-thirds of a percentage point after ending the trading week at 6499.63, up by 0,6%, while the index fell EGX70 by change monthly reached 2 , 57%, during the month of Ramadan in 1431, comparing these figures with the previous month for the month of Ramadan clear movement-offs, which represented a general trend of the market's performance during the month of Ramadan, compared to the previous month, which saw a rise of EGX30 index by 7.21% and the index EGX70 during the same month growth rate of 15.08%.

The Arab stock markets have seen a difference in the performance indicators during the month of Ramadan 1431 H (2010) compared to the previous month, although the trend was upward in control, but at different rates in the Saudi bourse "trading" index of the primary market increased by 0.68%, in Qatar's bourse rose index by 4,6%, in Dubai Mercantile Exchange market index rose by 6.4% In Abu Dhabi, 0.92%, while the Muscat Securities Market swam against the current president after the index lost 1,01% of its value.

Prices of all sectors of the Egyptian Exchange indicators during the day

All indications of sectors increased the Egyptian Stock Exchange during the trading session on Wednesday, September 1st, 2010.

The index of the banking sector by 1.07% to close at 1,767.48 points and the index of basic resources sector by 2.18% to close at 786.74 points and the index of the chemicals sector by 0.36% to close at 789.88 points and increased construction and building materials, rose 1.40% to close at 1,472.73 points.

On the side of the financial services sector, excluding banks, rose by 1.49% to close at 702.34 points, and record food and drink sector rise by 1.62% to close at 915.74 points and the health care sector and medicines increase of 0.31% to close at 1,341.16 points, up the services sector and industrial products and cars by 1.20 % to close at 1,616.15 points, went up household products and personal rate of 1.37% to close at 541.89 points.

Other hand, the real estate sector has recorded a rise of 1.28% to close at 1,141.51 points and the telecom sector rose 1.46% to close at 474.63 points and on the side of the leisure and entertainment, it rose by 1.41% to close at 537.93 points.
The indicators follow the performance of the sectors of banks, basic resources, chemicals, construction and building materials, food and beverages, financial services non-banking, health care, medicine, services and industrial products, vehicles, household products and personal, housing and real estate, telecommunications, tourism and recreation, so as to contribute to the assist investors in making investment decisions better.