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Implementing partnership between Native Markets and Intro Investments Holding in Egypt

The leading financial and investment corporation in the Middle East and North Africa, EFG-Hermes, announced that the promotion and underwriting sector has acted as an advisor to implement the strategic partnership between Intro Investments Holding Ltd and Native Markets Ltd in the Egyptian market. This partnership will lead to the acceleration of Native Markets’ growth …

Nihal Samir

EFG-Hermes Research ranks second among 33 regional, international research centers

EFG-Hermes Research ranked second among 33 regional and global research centers in a survey conducted by the Extel Survey in 2017, according to EFG-Hermes Research Chairman Ahmed Shams El-Din. He added that EFG-Hermes Research has over 150 listed companies, accounting for about 63 percent of the market capitalization in the Middle East and North Africa. …

Alia Stouhi

Currency flotation is paying off as foreign flows drive foreign-exchange stabilisation: EFG Hermes

Squeezed by turbulence and uncertainty since 2011, Egypt’s economy encountered numerous challenges, such as the prolonged political transition that led to the build-up of macroeconomic imbalances. The government decided to adopt an economic reform programme—backed by the International Monetary Fund (IMF)—which included the introduction of the value-added tax (VAT) law, the reduction of fuel subsidies, …

Mohamed Samir

EFG Hermes achieves EGP 41m net profits in Q3 of 2016

The Egyptian Financial Group (EFG) Hermes, a financial service corporation in the Middle East and North Africa (MENA), announced in a report on Tuesday a 28% annual growth of its continued operation revenues year-on-year (y-o-y), reaching EGP 294m, with net profits of EGP 41m in the third quarter of 2016. Revenues from continued and discontinued …

Reem Hosam El-din

EFG Hermes to expand in US with New York office

The Egyptian Financial Group (EFG) Hermes, a financial service corporation in the Middle East and North Africa (MENA) region, is currently obtaining approvals from regulatory authorities to open its new office in New York in the United States in order to offer services to its clients there, according to a report released by the group …

Reem Hosam El-din

Cleopatra Hospital

Cleopatra Hospital’s board approves 47% acquisition of CSH

Cleopatra Hospital Company (CLHO.CA on the Egyptian Exchange) announced that its Board of Directors approved the appointment of EFG Hermes Investment Banking to advise on the group’s potential acquisition of an additional 47% stake in Cairo Specialised Hospital (CSH), according press statement on Sunday. CSH is a subsidiary of Cleopatra Hospital, as the company acquired …

Daily News Egypt