Egyptian businessman Sawiris plans to set up Luxembourg-based SME bank
Egyptian businessman Naguib Sawiris plans to invest EUR50 million (USD55 million) to establish a bank in Luxembourg specialised in services for SMEs, Reuters reported. Sawiris said on the sidelines of a conference in Cairo that he had submitted a request to establish the proposed bank but provided no further details. (Amwal Al Ghad)
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