VOL. XXXII

NO. 45

14-AUGUST-1989

Financial and Banking News

REGIONAL BANKING

Egypt to Set up Joint Venture Merchant Bank

The semi-autonomous Investment Authority of Egypt has approved theestablishment of a new merchant bank - Investment and Securities Group - whichis to be incorporated in Cairo under the new investment law designed to attractforeign capital (MEES, 17 July). The bank will be owned 49% by the Kuwait RealEstate Investment Consortium (KREIC), 30% by al-Mawarid Investments (part of the...