Investment Egypt’s NSPO acquires 24% from three steel firms for $324mln Nada Ali Sep 12, 2023 0 The National Service Projects Organisation (NSPO) acquired 24 percent stake of three firms affiliated to Beshay…
Business EFG Hermes 2022 revenues grow 77% Amwal Al Ghad English Mar 22, 2023 0 Egypt’s investment bank, EFG Hermes reported on Wednesday a 77 percent year-on-year growth in revenues to 11…
Business EFG Hermes publishes 4th issue of valU bonds for EGP 856.5 million Sama Mousa Mar 21, 2023 0 Egypt's investment bank, EFG Hermes has published on Tuesday the 4th issue of the securitisation bonds to its…
EGX EFG Hermes drives brokerage trading in EGX by EGP 4.5bln in week Nada Ali Feb 19, 2023 0 Egypt's investment bank EFG-Hermes has led the brokerage firms on Thursday with 4.5 billion Egyptian pounds in…
Banks Egypt’s c.bank expects 200bps interest rate hikes next Thursday- Reuters poll Nada Ali Dec 21, 2022 0 The Central Bank of Egypt (CBE) will raise its overnight interest rates by 200 basis points on Thursday, a Reuters…
Business EFG Hermes says Q3 revenues grew two-fold Yomna Yasser Nov 16, 2022 0 EFG Hermes reported on Wednesday a 95 percent year-on-year growth in group revenues in the third quarter of the…
Business Crédit Agricole to buy 60 million shares in Egypt unit – Bloomberg Amwal Al Ghad English Sep 7, 2022 0 French bank Crédit Agricole plans to purchase 60 million shares of its unit in Egypt at 6.23 or 7 Egyptian pounds…
Business EFG Hermes’ valU acquires fintech company Paynas Yomna Yasser Aug 22, 2022 0 EFG Hermes’ consumer finance arm valU announced on Monday it had acquired 100 percent of digital HR and payroll…
Business Orascom Development Egypt signs EGP 1.5 bln financing with CIB Egypt Yomna Yasser Jul 24, 2022 0 Orascom Development Egypt (ODE) announced on Sunday that its subsidiary Orascom for Real Estate (ORE) has signed a…
Business EFG Hermes Corp-Solutions concludes bond issuance of EGP 500 mn Esraa Ibrahim Jun 6, 2022 0 EFG Hermes Corp-Solutions has successfully concluded an EGP 500 mn bond issuance that the company said is the first…