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The Watch
Egypt’s GASC Plans To Purchase Polish Wheat
Egypt, the world's biggest wheat importer, has added Poland as a potential supplier of the crop, the country's main…
Sawiris Backs Planet IB’s Bid For EFG-Hermes
Egyptian billionaire Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG…
Planet IB: Hermes Must Stop Any Alternative Transactions If Interested
Planet IB, that is seeking control of EFG hermes, the leading investment bank in the arab world, issued a…
El Mallawany: Planet Offer Not Rejected, But Must Get EFSA Approval If Serious
Yasser El Mallawany, CEO of EFG-Hermes Holding, has denied selling all his investments in the Egyptian market.…
EFG-Hermes Meeting Ratifies QInvest Deal, EGP 4/ Share Dividends
EFG-Hermes’ extraordinary shareholder meeting (ESM) has ratified QInvest acquisition deal. As pursuant to the…
QInvest Deal To Come In Effect In September … Entire Stakes Not Sold: Mona Zulficar
Mona Zulficar, EFG Hermes’ Board of Directors Chairperson, told Amwal Al Ghad that after the AGM’s ratification of…
EFG-Hermes Rejects Planet Buyout Offer Amid Shareholders Meeting
EFG-Hermes Holding’ Annual General Meeting (AGM) has ratified the BOD as well as the auditor’s business report…
Fraudsters Fleece Egypt Using Foreign Wheat
Top wheat importer Egypt's decision to increase the price premium paid to its own farmers has given fraudsters a…
Iron & Steel Co. Sales Hit EPG 123.4 Mln In April
Egyptian Iron & Steel Co. (IRON.CA)’s total sales during last April hit EGP 123.431 million, including EGP…
EFG-Hermes Holds An Urgent Meeting Discussing Its Legal Position
Egyptian investment bank EFG-Hermes Holding (HRHO.CA) has affirmed that the legal position of the Company and…