Banque du Caire inaugurates representative office in UAE

Banque du Caire has opened a rep office in the UAE as part of its regional expansion drive, according to a statement picked up by Zawya. Chairman and CEO Tarek Fayed said that the UAE office will help spur trade between Egypt and the GCC, attract investment to Egypt and capture remittance flows from Egyptian expats. The bank is looking at Africa and the Gulf as it expands. The UAE office will be led by Ashraf Khalil, a 15 year veteran of regional markets.