[lbo-talk] Egypt poised to grab more Gulf petrodollars

uvj at vsnl.com uvj at vsnl.com
Sat Sep 15 03:38:27 PDT 2007


Reuters.com

Egypt poised to grab more Gulf petrodollars http://www.reuters.com/article/reutersEdge/idUSL0574690620070905?sp=true

Wed Sep 5, 2007

By Will Rasmussen - Analysis

CAIRO (Reuters) - Egypt is poised to lure a growing share of Gulf Arab petrodollars as its combination of rapid economic growth, market size and relative political stability pushes aside regional rivals.

Gulf investors are buying banks and telecom licenses in the most populous Arab country and have helped push Egypt's stock market index (.HRMS: Quote, Profile, Research) up about 18 percent this year. http://www.reuters.com/article/reutersEdge/idUSL0574690620070905?sp=true



More information about the lbo-talk mailing list