VOL. XLII

No. 24

14-June-1999

EGYPT

Foreign Banks Vie For Share In Dynamic Egyptian Market

In an effort to assert their presence in Egyptsincreasingly attractive market, a host of foreign banks are considering takingthe acquisition path towards representation, while others are expanding stakesin existing joint ventures. Last week, two banks ABN Amro and Barclays Plc announced they would be amplifying their presence in Egypt, and others areexpected to follow in their footsteps. On 8 June ABN...