Egypt – Interest rates more attractive than stocks
Wednesday, 09 27 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Mohamed Abdel Gawad, Managing Director, Orient Takaful Insurance accused the central bank and its policies on interest rates to encourage investors to invest in banks and obtain large returns instead of investing in the stock exchange.
The Managing Director of Orient told “Veto Gate” that insurance companies are avoiding the fluctuations witnessed in the Egyptian stock exchange, so they avoid this adventure and do not invest in stocks for the time being.
Source: Veto Gate