Qatar: Shareholders of Egypt-based investment bank EFG-Hermes Holding have voted in favour of creating an investment bank in which QInvest, a unit of Qatar Islamic Bank (QIBK), will own 60%, Bloomberg has reported. QInvest will invest $250m in the joint venture, which will exclude EFG-Hermes' private equity business and its stake in Lebanese commercial bank Credit Libanais, the two companies said last month. [AMEInfo.com]
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