MIDEAST STOCKS-Egypt edges up after c.bank dollar injection; Saudi slips | Reuters:
"Egypt's stock market edged up in early trade on Sunday after central bank Governor Tarek Amer said he had pumped $22 billion into the banking system to clear goods piled at ports, while Saudi Arabia's bourse fell on weak cement and telecommunications shares.
Amer's remarks on Saturday were taken as a positive sign that authorities were taking aggressive action to ease Egypt's hard currency shortage, though he did not give details of where he was obtaining the money or how he would resolve the shortage in the long term.
The Egyptian index climbed 0.4 percent in the opening 50 minutes of trade, buoyed by property developers such as Emaar Misr, which added 2.6 percent."
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