The Export Development Bank will increase its capital by 100 percent. The Chairman of the Board of the Bank and the former Minister of Economy, Mahmoud Mohhamed Mahmoud, approved raising the bank’s capital to 500 million Egyptian Pounds, reported Al-Hayat . This step aims to enhance the efficiency of the export sector, which is a main foreign currency source. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
