EFG Hermes

Abu Dhabi Ports acquires 70% of two Egyptian companies at $140 mln
Business

Abu Dhabi Ports acquires 70% of two Egyptian companies at $140 mln

Abu Dhabi Ports Group announced that it reached an agreement to acquire 70 percent of the shares of the International…
No significant change in exchange rate in 2019: EFG Hermes
Business

No significant change in exchange rate in 2019: EFG Hermes

EFG Hermes, one of the largest investment banks in the Middle East and Africa, has ruled out any significant change…
Egypt to offer 4.5 pct stake in cigarette maker Eastern Company
Business

Egypt to offer 4.5 pct stake in cigarette maker Eastern Company

Egypt will launch its programme for offering shares in state companies by offering a 4.5 percent stake in its top…
Egypt’s EFG Hermes looks to manage renewable energy projects: energy head
Business

Egypt’s EFG Hermes looks to manage renewable energy projects: energy head

Egyptian investment bank EFG Hermes expects to begin offering factoring services in the first quarter of 2018 as part of…
Egypt passes delayed investment law to smooth business, attract dollars
Egypt

Egypt passes delayed investment law to smooth business, attract dollars

Egypt's Parliament on Sunday passed a long-delayed investment law to streamline doing business in Egypt and to create incentives it…
Hermes projects US dollar at LE15 by the end of 2017
Business

Hermes projects US dollar at LE15 by the end of 2017

EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Egypt’s stock market gains on $2 bln Saudi deposit
Business

Egypt’s stock market gains on $2 bln Saudi deposit

Egypt's stock market jumped in early trade on Thursday after news that the central bank had last month received a…
Egypt surges on hope of good news on IMF loan
Business

Egypt surges on hope of good news on IMF loan

Egypt's stock market rose sharply in early trade on Monday on hopes that an international financing package for the country…
Egypt’s EFG-Hermes losses deepen to 67.55 mln Egyptian pounds in second quarter
Business

Egypt’s EFG-Hermes losses deepen to 67.55 mln Egyptian pounds in second quarter

Egypt's EFG-Hermes, the country's largest investment bank, said on Thursday it made a net loss of LE67.55 million ($7.61 million)…
EFG Hermes energy platform Vortex closes 550 mln euro wind farm deal
Business

EFG Hermes energy platform Vortex closes 550 mln euro wind farm deal

Egypt's EFG Hermes said on Thursday that its renewable energy platform, Vortex, had bought a 49 percent stake in an…
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