VOL.XXXIXNo. 6125-November-1996EGYPT

HSBCSets Up Bank Branch And Brokerage Services In EgyptHSBC Investment Banking has announced that it has set up twocompanies in Cairo, an investment banking branch, HSBC Investment Company(Egypt) Ltd., and a stock brokerage firm, HSBC JamesCapel Egypt Ltd. An official statement said that the two firms are waitingfor approval from the Egyptian authorities. The HSBCgroup will own 60% of the two companies and Egyptian British Bank, itsaffiliate in Egypt (in...