2022 – A year of challenge for capital market

Sherif Sami, Chairperson of the Commercial International Bank (CIB) Egypt and former chairperson of the Financial Regulatory Authority, reflected on the situation of the local financial market amid the uncertainty that may confuse investors and market dealers.

In an interview with Daily News Egypt, Sami said that he believes this year represents a great challenge for the Egyptian capital market, urging the government to accelerate any initiatives or legislative amendments, as the rapid movement in this regard gives investors, especially foreign institutions, the impression that they come at the forefront of the country’s priorities, which reduces the risks associated with uncertainty.

What occupies the minds of investors and dealers in the financial markets globally?

The vision is still unclear about the coronavirus pandemic, nearly two years after its appearance. While some believed that the last months of 2020 would be the last of sorrows, the world entered into other cycles of infection. We have nothing but hope that the second half of this year will see full recovery.

As a result of the foregoing, confusion continues in a number of important economic sectors, including tourism, aviation, and entertainment, in addition to the real estate sector.