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...
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