MIDEAST STOCKS-Egypt rises as new c.bank chief arrives; Gulf sluggish | Reuters:
"Egypt's stock market rose on Sunday as a new central bank governor took office, increasing hopes that the country's foreign exchange crisis can be resolved, while bourses in the Gulf were mostly sluggish.
Tarek Amer, a well-regarded former commercial banker, was to head the first meeting of the Egyptian central bank's new board on Sunday.
Many people expect him to work with the government to try to end a foreign currency shortage by regulating imports and supporting exports, which could benefit many listed firms. He is expected to be more generous in allowing the private sector to obtain foreign exchange."
'via Blog this'
No comments:
Post a Comment