NBE-Dubai in talks to revive investments in Egypt bourse

By Yomna Yasser On May 14, 2016

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.