If you are an Egyptian living abroad and looking for a way to financially secure your future, there are a few paths you can take: from certificates of deposit and high interest savings accounts to real estate investments, each with their own unique set of opportunities and risks. But what if you are thinking about investing in the stock market back home in Egypt? The Egyptian Exchange (EGX) has been encouraging Egyptians living abroad to invest in Egypt, with the EGX recently partnering with the Ministry of Emigration and Egyptian Expatriate Affairs to promote investing in Egypt to Egyptian expats. The Egyptian Streets team sat down with EGX Executive Chairman Mohamed Farid to ask some of the questions you might have about how you can make such an investment from your home abroad, what you need before you start, and what your options are as a first-time investor. Here are some of the key answers he gave. You don’t need an Egyptian bank account While it definitely would not hurt you to have a bank account in Egypt, Farid confirms that it is not a prerequisite for investing in the…
7 Facts About the Egyptian Stock Exchange for Egyptians Abroad
August 11, 2021
