Saturday 29 November 2014

Abu Dhabi investments fuel banking recovery in Egypt | The National

Abu Dhabi investments fuel banking recovery in Egypt | The National:



"Investments by Abu Dhabi companies in Egypt are feeding a revival in the country’s corporate banking industry.



After years of sluggish growth in the sector, the outlook now is for aggressive growth, says the Middle East’s biggest investment bank.



“This is going to have an impact, not on the investment banking side, but the commercial banking a lot more,” said Karim Awad, the chief executive at EFG Hermes Holding.

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