MIDEAST STOCKS-Egypt rises as new central bank chief arrives; Saudi firm | Reuters:
"Egypt's stock market rose early on Sunday as a new central bank governor took office, increasing hopes that the country's foreign exchange crisis can be resolved, while the Saudi market was firm.
Tarek Amer, a well-regarded former commercial banker, was to head the first meeting of the central bank's new board on Sunday.
Many people expect him to work with the government to try to end the 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."
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