EALB manages finance portfolio of $929mln in Egypt, $500mln in Jordan

State-run Egyptian Arab Land Bank (EALB) managed a finance portfolio of $500 in Jordan by the end of October 2019, while its finance portfolio in Egypt mounted to $929 million, according to Amr Gadallah the bank’s Vice Chairman.

He made these comments on the side lines of t 21st Joint Jordanian-Egyptian Business Council in Cairo.

The volume of Jordanian investment in Egypt has reached an estimated value of $600 million shared by 1,945 companies, compared with $1 billion in Egyptian investments to Jordan shared by 499 companies.

The 21st Joint Jordanian-Egyptian Business Council highlights the desire of the private sectors and businessmen in both countries to assume their role in bolstering bilateral economic ties.