Financial and Banking News
'TOO MANY' FOREIGN BANKS DISENCHANTED WITH EGYPT
MEES Associate Editor Mehran Nakhjavazi reports after a visit to Cairo last week:
A government statement at the beginning of last week rejected an Israeli proposal for an exchange of commercial bank representation between the two countries. Such a move is not justified by the small volume of trade between Egypt and Israels according to the 1 August statement, but in any case Egypt already has...