Sawiris To Drop Support For Planet Buyout: EFG-Hermes Source
Egyptian billionaire Naguib Sawiris will drop out of a buy-out consortium targeting investment bank EFG Hermes…
Author
Al-Moasher Solely Up, Utopia Tops NILEX’s Downwards
On Monday, NILEX’s listed shares have witnessed unsteady performance amidst trading in 4 securities in which 2…
Europe Shares Higher On Hopes For G-7 Action
European shares edged mostly higher Tuesday, with oil majors and some banks driving gains, as investors got hopeful…
Asian Shares Rebound Ahead of G-7 Meeting
Asian shares mostly advanced Tuesday, snapping out of a series of recent declines and reversing some of Monday’s…
EFG-Hermes Says Q1 Net Profit 6.8% Down
EFG Hermes Group (HRHO.CA) released its consolidated financial results for the first quarter of 2012, reporting net…
Planet IB To Match Guarantees Ahead of Its Due Diligence Process
Planet IB is preparing to immediately begin due diligence on an offer to acquire 100% of EFG Hermes Holding SAE…
Egypt Says Bought 2.6 Mln Tonnes of Local Wheat
Top wheat importer Egypt has bought 2.6 million tonnes of local wheat so far in the 2011/2012 season, up from 2.2…
EGX Losses EGP 918 Mln, Hermes 1.18% Down; Monday Closing
The Egyptian Exchange (EGX) had on Monday’s closing posted losses of EGP 918 million as the capital…
Khairat Al-Shater To Seize 87.3% Safir Hurghada Hotel
Reliable sources have told Amwal Al Ghad that the Egyptian tycoon Khairat Al-Shater, the former Muslim…
Egyptian Exchange Posts Humble Gains; Monday Midday
The Egyptian Exchange (EGX) had on Monday’s midday posted humble gains of EGP 50 million as the capital…