NBE-Dubai in talks to revive investments in Egypt bourse

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.