EFG-Hermes

Sources: Ministry of Awqaf to sell shares in other companies
Egypt

Sources: Ministry of Awqaf to sell shares in other companies

The Ministry of Awqaf [Endowment] has listed Al-Awqaf Authority’s assets and funds with the aim to re-use them and maximize…
Egypt bourse caps firms raising cash abroad to deepen home market
Business

Egypt bourse caps firms raising cash abroad to deepen home market

Egypt's stock exchange is changing its rules on global depositary receipts (GDRs) to encourage companies to increase their "free float"…
EFG-Hermes to more than double renewable energy investments it manages
Business

EFG-Hermes to more than double renewable energy investments it manages

Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros in the next…
Egypt’s EFG-Hermes Leasing seeks Islamic credit line from Gulf lender
Business

Egypt’s EFG-Hermes Leasing seeks Islamic credit line from Gulf lender

EFG-Hermes Leasing, a wholly owned subsidiary of investment bank EFG-Hermes, is working on securing a sharia-compliant credit line from a…
EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows
Business

EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows

Following the shift in monetary policy, the Egyptian Pound is now more likely to encourage portfolio flows as the move…
EFG Hermes: Early signs for recovery of Egyptian economy confirmed
Business

EFG Hermes: Early signs for recovery of Egyptian economy confirmed

EFG Hermes, one of the Middle East's largest investment banks, confirmed early signs for the recovery of the Egyptian economy…
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt‏
Business

EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt‏

EFG-Hermes expects a new era of depressed oil prices and a stuctural shift in global supply and demand balances, according…
EFG Hermes expects lower oil prices as positive news for Egypt
Business

EFG Hermes expects lower oil prices as positive news for Egypt

EFG-Hermes expected lower oil prices as clearly positive news for oil-importing MENA.
Suez Canal certificates push up Hermes expectations for Egypt’s budget deficit to 11.3%
Business

Suez Canal certificates push up Hermes expectations for Egypt’s budget deficit to 11.3%

EFG Hermes revises its budget fiscal deficit forecast to 11.3 percent of the country's GDP (compared to the previous 10.9…
Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate
Business

Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate

Hermes said in a report on Tuesday Egypt’s Urban consumer price headline inflation decelerated to 11.4 percent Yo-Y in January…
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