Qatar: Egyptian investment bank EFG Hermes says the country's financial regulator is requiring it to provide additional information to shareholders before it signs off on a deal for the lender to combine some operations with Qatar's QInvest, the Associated Press has reported. The firm said it expects to call a shareholder meeting soon to provide investors with information requested by the Egyptian Financial Supervisory Authority. The two companies agreed in May to merge some of their businesses, creating a joint investment bank meant to service the Arab world and beyond. Initially, QInvest is to hold a 60% stake in the new entity. [AMEInfo.com]
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