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Egypt’s three biggest state banks, the National Bank of Egypt (NBE), Banque Misr, and Banque du Caire will jointly launch an investment fund likely to be worth 1 billion Egyptian pounds ($63.9 million).
The fund will be investing in various sectors, and mainly in the start-ups, Yehia Aboul Fotouh, deputy chairman of the NBE, told Amwal Al Ghad on Wednesday.
