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Beltone to expand in Middle East
- Egypt: Tuesday, June 30 - 2009 at 09:38
Aly El Tahry, chairman of Beltone Financial, an Egyptian investment bank with $4.2bn under management, told Bloomberg the bank plans to expand its presence in the Middle East within a year, as stock markets in the region recover. He said stock markets in Gulf Arab countries and Egypt are poised to trim losses incurred last year, as investor confidence returns and economies in the region improve. 'I would be surprised if in the next 12 months we at least are not in one more country,' he told the news service.
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