Egypt main index hits 7-month low on bourse manipulation case
Egypt’s main stock index on Sunday closed at its lowest level since February 13, over a new court ruling issued on…
Browsing Tag
Hassan Heikal
Economist Heikal attacks Riyadh over halting oil shipments to Egypt
Egyptian economic analyst Hassan Heikal, the grandson of late renowned author Mohamed Hassanein Heikal, criticized…
Egypt’s EFG Hermes Says Co-CEO Heikal Quits
EFG Hermes (HRHO.CA), Egypt's largest investment bank, said its co-chief executive had resigned after 18 years with…
EFG-Hermes Plans Asset Sales As QInvest Deal Fails
EFG-Hermes Holding SAE (HRHO.CA), Egypt’s largest investment bank, said it will sell assets and cut costs after an…
Egypt Bourse Struggles Under Heavy Hand Of Government
Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of…
EFG-Hermes Says No Word From Egypt Regulator On Qinvest Deal
EFG-Hermes (HRHO.CA), the Middle East's largest investment bank, said on Tuesday it has not received notification…
Egypt Premier Pledges Hermes-QInvest Deal Completion This Week – Sources
Egypt’s Prime Minister Hisham Kandil, vowed Hermes-QInvest takeover deal’s completion procedures before the…
IGA Is Delaying EFG Hermes-QInvest Deal; Sources
The Egyptian Illicit Gains Authority (IGA) has sent a notice to Egypt’s financial regulator (FSA) asking not to…
EFG-Hermes Takeover By Qinvest Mired In Delays As Deadline Nears
The takeover of EFG-Hermes Holding SAE (HRHO.CA), Egypt’s biggest investment bank, by Qatar’s QInvest LLC is…
EGX 30 Ends This Week Above 5220Pts Powered By Court Ruling
The Egyptian Exchange (EGX) has ended this week posting gains of EGP 3.04 billion powered by the Egyptian court’s…
EGX Indices Flourish, Benchmark Opens Above 5190Pts Powered By Court Ruling
The Egyptian Exchange has opened Thursday’s session posting gains of EGP 1.6 billion powered by the Egyptian…
Egypt Court Reverses Asset Freeze On 21 Local, Arab Businessmen
Cairo Criminal Court on Wednesday had reversed an asset freeze decree against a number of prominent businessmen…
Egypt Court Hears Today Freezing Assets Decree Over Stock Manipulation Case
Cairo Criminal Court will start its hearing session on Wednesday for the Egyptian Prosecutor General’s decree on…
EGX 30 Ends Monday At 5197 Pts Weighed By Prosecutor’s Freezing Assets Decree
The Egyptian Exchange (EGX) has ended Monday’s session posting humble gains of EGP 657 million driven by the…
EGX 30 Falls Below 5195Pts Battered By Freezing Assets Of 21 Businessmen
The Egyptian Exchange has incurred losses of EGP 83 million during the Monday’s midday session amid the prosecutor…
EFG-Hermes Says Officials’ Asset Freeze Decree Unlikely To Affect Its Businesses
EFG-Hermes Holding (HRHO.CA) said the Egyptian prosecutor general’s decree on freezing assets of its chief…
Funds Of 21 Local, Arab Investors Frozen In Egypt Over AWB Case
Egypt’s prosecutor general Talaat Abdullah has issued late Sunday travel ban and assets freeze decrees against 21…
Hermes Official, Saudi Investors Freeze Businesses In Egypt Amid AWB Case
A wide number of Saudi and local businessmen decided on Sunday to freeze their direct and indirect investments in…
Market Manipulation Case Adjourned Till Dec 8th
Giza Criminal Court, headed by Judge Mohamed Reda Shawkat, adjourned Monday the consideration of the market…
From His New Shelter, ‘Fugitive’ Heikal Encourages Investment In Egypt
Arab world's premier investment bank EFG-Hermes (HRHO.CA) is getting into a state of paradox. EFG-Hermes CEOs are…
Market Manipulation Case Adjourned Till Oct 7th
Cairo Criminal Court, headed by Judge Mohamed Reda Shawkat, adjourned Saturday the consideration of the market…
Hassan Heikal – EFG Hermes CEO
Hassan Heikal holds a Bachelor of Science degree from the Faculty of Economics and Political Science at Cairo…
EFSA: EFG-Hermes CEOs, Mubarak Sons Must Pay Back EGP2 Bln For Reconciliation
The Egyptian Financial Supervisory Authority (EFSA) has rejected the efforts exerted by EFG-Hermes chief executives…
EGX 30 Falls 4.15%, TMGH 9.32% Down On Closing: Decree Repercussions
As the country's new president ordered Sunday parliament to reconvene, challenging the authority of the military…
EFG-Hermes’ Officials Trial Of Market Manipulation Adjourned Until July 14
The trial of EFG-Hermes Holding SAE (HRHO.CA)’s co-Chief Executive Officers Hassan Heikal and Yasser el-Mallawany…
Mona Zulficar: Planet Deal Is Not Serious … EFG-Hermes CEOs Are Innocent
Mona Zulficar, EFG-Hermes’ Board of Directors Chairperson, has asserted that Planet IB’s announcement of a buyout…
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…
EFG-Hermes Defends Chief Executives Against Graft Charges
Egyptian investment bank EFG-Hermes Holding (HRHO.CA) on Thursday said it would defend its two chief executives…
EGX Gains EGP 4.9 Mln On Abbasiya Stable Situation
The Egyptian Exchange - EGX had posted gains of EGP 4.9 billion this week as the capital market reached EGP…
EFG Hermes, QInvest Enter Into Definitive Agreement
EFG Hermes Holding S.A.E (EFG Hermes ) (HRHO.CA) and QInvest L.L.C. (QInvest) are delighted to announce that they…