After Subsidies Cut, Egypt Raises Key Rates to 9.25% to Contain Inflation
The Central Bank of Egypt on Thursday raised key interest rates by 100 basis points each to keep inflation in…
Browsing Tag
EFG-Hermes
Sawiris Aims Further Investments after EFG-Hermes Failure
Just days after his joint bid for a stake in Egypt's biggest investment bank EFG-Hermes was rejected, Egyptian…
Egypt Stocks Gain EGP5.6 billion in Week
Despite fuel prices hikes, and failure of Beltone/Sawiris-Hermes deal, Egypt's stocks gain in week 5.6 billion…
EFG Hermes Initiates Arabian Cement Rating With Buy; FV At LE 13.6
EFG Hermes research unit initiated, in a recent report, Arabian Cement company (ARCC) coverage with a 'Buy' rating…
EFG-Hermes Nearing LE 425 M Treasury Stock Disposal; Preparing 2nd Buyback Stage
The Board of Directors of Egypt's biggest investment EFG Hermes (HRHO) is currently looking out for the company's…
Egyptian Shares end Lower amid EFG-Hermes’ scuppered Deal
Egypt's stocks ended lower on Monday losing 318 million Egyptian pounds following the failure of Beltone-Sawiris…
Beltone/Sawiris Failed to Acquire 20% Stake in EFG-Hermes – Market Watchdog
Sawiris-Beltone alliance failed to reach a deal to acquire 20% a stake in Egypt's biggest investment bank…
Egypt’s Beltone/Sawiris say no change to EFG-Hermes offer
Egypt's Beltone Financial and billionaire Naguib Sawiris announced on Sunday they would not change their offer to…
Egypt Stocks Lose EGP6.8bn in Week on Austerity Concerns, Journalists’ Verdict
In a week filled with investors' woes over potential austerity measures, Egypt's stocks incurred losses amounting…
Egyptian GDRs in London End Friday mostly flat
Egyptian global depository receipts (GDRs) traded on the London Stock Exchange (LSE) ended mostly flat in values…
