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Burgan Bank expands brand across TurkeyKuwait’s Burgan Bank Group has extended its regional brand platform to Turkey following its recent acquisition Eurobank Tekfen, which will now operate under the name of Burgan Bank – Turkey. Its subsidiaries EFG Istanb More… |
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EFG plans dividend after QInvest tie-upEgypt's EFG Hermes said on Sunday it would distribute a dividend of 4 Egyptian pounds ($0.66) per share after it completes a joint venture it is forming with Qatar's QInvest. It confirmed in a statement that shareholders had approved the More… |
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EFG-Hermes 2011 profit tumbles 63pcEgyptian bank EFG-Hermes reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before More… |
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EFG-Hermes 2011 profit tumbles 63pcEgyptian bank EFG-Hermes reported a 63 percent drop in 2011 net profit on Sunday as the economic fallout from uprisings across the Middle East pushed down brokerage, investment banking and asset management revenue. Net income before More… |
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EFG sells Denmark unitEFG International has agreed to sell EFG Bank Denmark to SEB Wealth Management, effective from January 1, a statement said. The move is part of EFG's business review programme, it said. The terms of the deal have not been disclosed. More… |
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Union Properties Q1 profit up 66pcDubai-based developer Union Properties has reported a 66 per cent rise in first-quarter profit, attributing the increase to handing over units in its Motor City development. The real estate firm reported a net profit of Dh50 million ($13.6 More… |
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Egyptian juice maker plans IPOEgyptian dairy goods and juice maker Juhayna Food Industries is considering an initial public offering and is now working with investment bank EFG-Hermes in this regard, said a report Juhayna is one of several firms considering an IPO on t More… |
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EFG-Hermes shifts Mideast focus towards SaudiCairo-based investment bank EFG-Hermes shifted exposure on its Middle East Focus List away from Egypt and towards Saudi Arabia, saying a neutral stance was now right for the local market due to its recent strength. Egypt's benchmark stock More… |
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EFG-Hermes is No. 1 UAE broker in 2008The Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) have ranked EFG-Hermes as the No. 1 broker on both UAE exchanges for 2008. The region’s leading investment bank held the number one position in terms of value tra More… |
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PPG technology for new EFG plantEmirates Float Glass (EFG) has signed a technology licensing agreement with PPG Industries of US for its second float glass manufacturing facility in Abu Dhabi. The construction of the new plant, which complements the company’s existing p More… |
