Investment and finance ministers should switch positions

Many people, including traders, believe that the stock market is a place for venture and quick profit, not knowing that its real goal is to present investments for investment funds and individuals, both locally and globally in companies’ capitalthrough this mechanism that allows investments by buying and selling shares on desiring to exit easily and safely. This allows companies to increase their capital and thus increase their activities, creating more jobs and eventually increasing tax outcome and improving the state’s resources. A limited vision of this activity and undermining it is definitely against the state’s public interest.

The finance minister imposed a trading tax on exchange, hitting it before it recovered from the revolutions, terrorism and the exiting of major companies and entities in all sectors of banking, communications, and cement, in addition to the absence of incentives in the Egyptian exchange as well as the dollar shortage that led to a delay in conversions for foreign investors, leading to their exiting and refraining from investing in the Egyptian exchange. This is assuming that investors do not have other options and are stuck with investing in the Egyptian exchange, the only one in the region that imposes the trading tax.

The tragedy doesn’t end there; traders have to use an expert to help unravel the mystification of this tax and its calculations.