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The National Bank of Egypt’s (NBE) representative office in Dubai is in talks with some international institutions in a bid to allure new investors to the Egyptian bourse, its chairman announced Thursday.
Hisham Okasha, Chairman of NBE, further said NBE-Dubai plans to obtain a licence to start running mutual funds, which would help attract new investors to the Egyptian stock market.
NBE-Dubai Office posted revenues worth US$546,000 by the end of the financial year 2013/2014; while assets surged to US$3.4 million.
