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