Featured Egypt main index hits 7-month low on bourse manipulation case Amwal Al Ghad English Sep 16, 2018 0 Egypt’s main stock index on Sunday closed at its lowest level since February 13, over a new court ruling issued on…
Indices news EFG-Hermes Appoints Finance Industry Veteran as New CFO Yomna Yasser Jan 2, 2014 0 Khalid Ellaicy brings more than 27 years of regional industry experience to his new post as Chief Financial Officer…
Indices news EFG Hermes Board of Directors Names Karim Awad as Group Co-CEO Yomna Yasser Dec 17, 2013 0 Investment banking veteran joins Yasser El-Mallawany as CEO of EFG Hermes Holding S.A.E. EFG-Hermes (HRHO.CA), the…
EGX Egypt’s EFG Hermes Says Co-CEO Heikal Quits Yomna Yasser Oct 8, 2013 0 EFG Hermes (HRHO.CA), Egypt's largest investment bank, said its co-chief executive had resigned after 18 years with…
Indices news EFG-Hermes Rebuts Plans to Sell Stake in Credit Libanais Yomna Yasser Sep 8, 2013 0 Yasser El-Mallawany, Board Member of EFG-Hermes (HRHO.CA), stated that the company is not planning to sell its…
EGX Egypt Bourse Benchmark Rises 0.97% In Week Powered By OCI-Tax Deal Yomna Yasser May 4, 2013 0 In a week, the Egyptian Exchange has managed to post gains of EGP 1.4 billion backed by the final settlement…
EGX EGX 30 Ends This Week 1.54% Higher, Shrugs Off Hermes Deal Failure Yomna Yasser May 2, 2013 0 Despite the fact that the planned takeover of Egypt’s largest investment bank by Qatar’s QInvest LLC has been…
EGX Egypt Bourse Struggles Under Heavy Hand Of Government Yomna Yasser Apr 24, 2013 0 Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of…
Indices news EFG-Hermes Says No Word From Egypt Regulator On Qinvest Deal Yomna Yasser Apr 16, 2013 0 EFG-Hermes (HRHO.CA), the Middle East's largest investment bank, said on Tuesday it has not received notification…
EGX EGX 30 Ends This Week Above 5220Pts Powered By Court Ruling Yomna Yasser Mar 21, 2013 0 The Egyptian Exchange (EGX) has ended this week posting gains of EGP 3.04 billion powered by the Egyptian court’s…
EGX EGX Indices Flourish, Benchmark Opens Above 5190Pts Powered By Court Ruling Yomna Yasser Mar 21, 2013 0 The Egyptian Exchange has opened Thursday’s session posting gains of EGP 1.6 billion powered by the Egyptian…
EGX Egypt Court Reverses Asset Freeze On 21 Local, Arab Businessmen Yomna Yasser Mar 21, 2013 0 Cairo Criminal Court on Wednesday had reversed an asset freeze decree against a number of prominent businessmen…
EGX Egypt Court Hears Today Freezing Assets Decree Over Stock Manipulation Case Yomna Yasser Mar 20, 2013 0 Cairo Criminal Court will start its hearing session on Wednesday for the Egyptian Prosecutor General’s decree on…
EGX EGX 30 Ends Monday At 5197 Pts Weighed By Prosecutor’s Freezing Assets Decree Yomna Yasser Mar 18, 2013 0 The Egyptian Exchange (EGX) has ended Monday’s session posting humble gains of EGP 657 million driven by the…
EGX EGX 30 Falls Below 5195Pts Battered By Freezing Assets Of 21 Businessmen Yomna Yasser Mar 18, 2013 0 The Egyptian Exchange has incurred losses of EGP 83 million during the Monday’s midday session amid the prosecutor…
Indices news EFG-Hermes Says Officials’ Asset Freeze Decree Unlikely To Affect Its Businesses Yomna Yasser Mar 18, 2013 0 EFG-Hermes Holding (HRHO.CA) said the Egyptian prosecutor general’s decree on freezing assets of its chief…
EGX Funds Of 21 Local, Arab Investors Frozen In Egypt Over AWB Case Yomna Yasser Mar 18, 2013 0 Egypt’s prosecutor general Talaat Abdullah has issued late Sunday travel ban and assets freeze decrees against 21…
EGX EGX 30 Ends Above 5260 Pts, EFG-Hermes Climbs 0.97% Amid CEO’s Remarks Yomna Yasser Mar 6, 2013 0 The Egyptian Exchange (EGX) has pared its midday gains to eventually reach EGP 993 million during Wednesday’s…
EGX Market Manipulation Case Adjourned Till Oct 7th Yomna Yasser Sep 8, 2012 0 Cairo Criminal Court, headed by Judge Mohamed Reda Shawkat, adjourned Saturday the consideration of the market…
EGX EFSA: EFG-Hermes CEOs, Mubarak Sons Must Pay Back EGP2 Bln For Reconciliation Yomna Yasser Jul 28, 2012 0 The Egyptian Financial Supervisory Authority (EFSA) has rejected the efforts exerted by EFG-Hermes chief executives…
EGX EGX 30 Falls 4.15%, TMGH 9.32% Down On Closing: Decree Repercussions Yomna Yasser Jul 9, 2012 0 As the country's new president ordered Sunday parliament to reconvene, challenging the authority of the military…
Indices news EFG-Hermes’ Officials Trial Of Market Manipulation Adjourned Until July 14 Amwal Al Ghad English Jul 9, 2012 0 The trial of EFG-Hermes Holding SAE (HRHO.CA)’s co-Chief Executive Officers Hassan Heikal and Yasser el-Mallawany…
Indices news Planet’s Buyout Deal Is Just A ‘Hoax’, Propaganda Yomna Yasser Jun 28, 2012 0 The Egyptian market witnessed a series of heated arguments broke out between EFG-Hermes Holding (HRHO.CA) and…
Indices news War Of Statements Erupts, Planet Seeks Further Details Of QInvest Deal Yomna Yasser Jun 17, 2012 0 Planet IB Consortium has unofficially asked EFG-Hermes Holding (HRHO.CA) to submit a detailed letter regarding…
Indices news Mona Zulficar: Planet Deal Is Not Serious … EFG-Hermes CEOs Are Innocent Yomna Yasser Jun 5, 2012 0 Mona Zulficar, EFG-Hermes’ Board of Directors Chairperson, has asserted that Planet IB’s announcement of a buyout…
Indices news EFG-Hermes Says Q1 Net Profit 6.8% Down Yomna Yasser Jun 5, 2012 0 EFG Hermes Group (HRHO.CA) released its consolidated financial results for the first quarter of 2012, reporting net…
Indices news Sawiris Backs Planet IB’s Bid For EFG-Hermes Yomna Yasser Jun 3, 2012 0 Egyptian billionaire Naguib Sawiris is helping finance a takeover bid for Egypt's biggest investment bank EFG…
Indices news El Mallawany: Planet Offer Not Rejected, But Must Get EFSA Approval If Serious Yomna Yasser Jun 2, 2012 0 Yasser El Mallawany, CEO of EFG-Hermes Holding, has denied selling all his investments in the Egyptian market.…
Indices news EFG-Hermes Holds An Urgent Meeting Discussing Its Legal Position Administrator May 31, 2012 0 Egyptian investment bank EFG-Hermes Holding (HRHO.CA) has affirmed that the legal position of the Company and…
Indices news EFG-Hermes Defends Chief Executives Against Graft Charges Yomna Yasser May 31, 2012 0 Egyptian investment bank EFG-Hermes Holding (HRHO.CA) on Thursday said it would defend its two chief executives…
EGX EGX Gains EGP 4.9 Mln On Abbasiya Stable Situation Yomna Yasser May 10, 2012 0 The Egyptian Exchange - EGX had posted gains of EGP 4.9 billion this week as the capital market reached EGP…
Indices news EFG-Hermes Deal: A Plot To Successful Way Out Yomna Yasser May 7, 2012 0 EFG-Hermes Holding has chosen Dubai to hold its negotiations with Qatar’s QInvest about one of the largest…
Indices news EFG Hermes, QInvest Enter Into Definitive Agreement Yomna Yasser May 7, 2012 0 EFG Hermes Holding S.A.E (EFG Hermes ) (HRHO.CA) and QInvest L.L.C. (QInvest) are delighted to announce that they…