From Arabnews.com: Saudi businessmen will establish a development bank in Egypt with a capital of 1 billion Egyptian pounds to finance investment projects in the country, Saleh Kamel, a prominent businessman and chairman of the Council of Saudi Chambers of Commerce and Industry announced on Wednesday.
Kamel, who is also chairman of the Jeddah Chamber of Commerce and Industry, said details about the bank would be announced within two months, adding that it would make long-term investments in Egypt creating new job opportunities for Egyptians……………………………………….Full Article: Source