EFG-Hermes says fair price 30% more than Beltone-New Egypt bid
EFG-Hermes stated on Saturday an independent adviser had set its fair share price at 22.93 Egyptian pounds ($3.21),…
Browsing Tag
QInvest
Beltone, Others Seek Stake in Egypt’s EFG Hermes -Sources
Beltone Financial and a group of investors including Egyptian billionaire Naguib Sawiris are seeking to acquire a…
Qinvest Advised On $ 3.5 Bln Worth Of Sukuk Transactions In 2013
QInvest, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions in the world…
EFG-Hermes Targets Gulf Banking Deals As Egypt Falters
EFG-Hermes Holding SAE (HRHO.CA), the Egyptian investment bank whose merger with Qatar’s QInvest LLC collapsed in…
EFG-Hermes Says Net Profit Climbs 27.3% – Q1/13
EFG-Hermes Holding (HRHO.CA), the leading investment bank in the Arab world, reported a net profit of EGP…
Qatar PM Promises $3 Bln More Aid To Egypt
The Qatari government has agreed to provide an additional $3 billion of aid to Egypt, Qatar's Prime Minister Sheikh…
As Hopes To Create MENA’s Biggest Investment Bank Fall, Egypt’s Business Climate Darkens
For Egypt, the collapse of a deal that would have created the Middle East’s biggest investment bank comes at a…
Egypt Bourse Benchmark Rises 0.97% In Week Powered By OCI-Tax Deal
In a week, the Egyptian Exchange has managed to post gains of EGP 1.4 billion backed by the final settlement…
Despite Hermes Deal Failure Remarks, EGX 30 Crosses 5260 Pts; Midday
During Thursday’s midday session, the Egyptian Exchange (EGX) has posted remarkable gains of EGP 2.6 billion backed…
Egypt’s Regulator Says Turned Down Hermes Deal On QInvest’s ‘Limited Expertise’
Egypt’s financial regulator - the Egyptian Financial Supervisory Authority (EFSA) announced on Thursday that it has…
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…
Hermes, QInvest Declare JV Agreement Expiration
EFG Hermes (HRHO.CA), the leading investment bank in the Arab world, and QInvest, Qatar’s leading investment bank,…
EGX 30 Plummets 0.53% As OCI, Hermes Files Still Muddling On
During midday session, the Egyptian Exchange (EGX) has incurred losses of EGP 1.2 billion driven by foreign selling…
EGX 30 Ends At 5231 Pts, Market Awaits Hermes-QInvest Completion
The foreign selling pressures have driven the Egyptian Exchange (EGX) to turn its opening gains to closing losses…
EGX Indices Opened This Week In Green On Hermes-QInvest Deal Optimisms
The Egyptian Exchange (EGX) has opened this week posting early gains of EGP 166 million powered by the state…
EGX 30 Ends Below 5300 Pts, Orascom Telecom Climbs 2.20%
During Tuesday closing, the Egyptian Exchange (EGX) has turned its midday gains into losses of EGP 63 million…
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: QInvest Deal Threatened By Egypt Regulator Approval Delay
EFG Hermes (HRHO.CA) said on Sunday it was still waiting for approval from Egyptian regulators for a deal with…
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 Surges 1.11%, Opens Above 5320Pts Backed By OCI Upcoming Meeting
The Egyptian Exchange has opened Thursday posting significant gains of EGP 2.46 billion backed by foreign buyers…
EGX 30 Ends Above 5260 Pts, EFG-Hermes Climbs 0.97% Amid CEO’s Remarks
The Egyptian Exchange (EGX) has pared its midday gains to eventually reach EGP 993 million during Wednesday’s…
Citadel Capital Denies Pressuring To Import Qatari Gas At Exorbitant Prices
Citadel Capital (CCAP.CA), Egypt’s biggest publicly traded private-equity firm, rebutted the news that Founder and…
Despite Political Unrest, EGX 30 Surges 1.7% In Week
The Egyptian Exchange has posted losses of EGP 6.3 billion in week. The capital market has hit EGP 383.205 billion…
EFG-Hermes Says Still Completing Documents For Official Approvals On QInvest Deal
EFG-Hermes Holding (HRHO.CA), Egypt’s biggest investment bank, asserted that it is still completing the necessary…
EFG-Hermes: QInvest Takeover Put Off On Govt Approvals Delay
EFG-Hermes Holding SAE (HRHO.CA), Egypt’s biggest investment bank, said its takeover deal with Qatar’s QInvest LLC,…
EFG-Hermes Says QInvest Takeover Delayed by Regulatory Process
EFG-Hermes Holding SAE (HRHO), Egypt’s biggest investment bank, said its sale to Qatar’s QInvest LLC has been…
Citadel Capital Shares Innovative Solutions For Energy Project Financing In Africa, Middle…
At a major regional energy conference, the leading investment company in Africa and the Middle East highlights the…
Gulf Banks Ready To Invest In Egypt
Gulf banks are betting on Egypt despite anti-government protests continuing in several cities. Hot on the heels of…
Zulficar: Qatari Regulatory Approval On Hermes-QInvest Deal Next Week
Mona Zulficar, EFG Hermes’ Board of Directors Chairperson, told Amwal Al Ghad that Qatar's financial regulator –…
Heikal: Citadel, Qinvest JV To Supply 10 % Of Egypt’s Gas
Qatar is positioning itself to sell liquefied natural gas to Egypt as it uses its financial firepower to cement its…
EGX 30 Ends Week Below 5440 Pts As Political Concerns Loom
During Thursday closing session, the Egyptian Exchange (EGX) has extended its early losses to eventually reach EGP…
EGX 30 Opens 0.81% Lower, Citadel Surges 1.63% Amid QInvest JV
During Thursday opening session, the Egyptian Exchange (EGX) has posted early losses of EGP 1.5 billion as the…
Citadel, QInvest, Qatari Investors Form JV To Import, Regasify LNG In Egypt
Leading private equity firm to form joint venture with QInvest and other Qatari investors to bring much-needed…
EGX 30 Inches 0.6% Higher In Week
Egyptian Exchange benchmark EGX 30 edged higher by 0.668 % this week, representing an increase of 37.29 points,…
EGX 30 Falls 0.19% On Local , Arab Selling Pressures
During Monday closing session, the Egyptian Exchange (EGX) has posted losses of EGP 1.46 billion as the capital…
EGX 30 Surges 0.07%, EFG-Hermes 3.31% Up Amid EFSA’s Approval
During Monday opening session, the Egyptian Exchange (EGX) has posted early losses of EGP 137 million as the…
EFG-Hermes Says No Regulator Objections To Qatar Deal
Egypt's regulator has no objections to EFG Hermes' plan to create a jointly-owned investment bank with QInvest of…
EGX 30 Ends Week Above 5730 Pts Level
During Thursday closing session, the Egyptian Exchange (EGX) has trimmed its early losses to eventually reach EGP…
EFG To Sell Qinvest Joint Venture Stake Next Year, Arqaam Says
EFG-Hermes Holding (HRHO.CA) will sell its 40 per cent stake next year in the investment bank it is forming with…