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Iran signs deals with European insurersThe Export Guarantee Fund of Iran (EGFI) has signed agreements with Germany’s Hermes insurance firm and Swiss Export Risk Insurance (SERV) to provide cover for transactions with Europe, a report said. Under the agreement, th More… |
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EFG Hermes to acquire 76pc stake in TanmeyahEFG Hermes, a leading investment bank in the Arab world, has signed a binding deal to acquire 76.7 per cent of Tanmeyah Microenterprise Services, a provider of comprehensive microfinance solutions to business owners across Egypt. More… |
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EFG Hermes named top investment bank in MEEFG Hermes, a leading investment bank in the Arab world, has named the top investment bank in the Middle East, as ranked by fees generated from equity capital market transactions, according to a report. The ind More… |
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EFG-Hermes plans Saudi Islamic fund as market opens upThe Saudi unit of Egypt's EFG-Hermes plans a fund to invest in listed Saudi Arabian sharia-compliant shares and initial public offers, hoping to benefit from the regulator's drive to increase institutional investment in the bourse. More… |
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EFG Hermes posts $70m profit on bank expansionEgypt's EFG Hermes turned a profit after tax and minority interests of EGP538 million ($70.51 million) last year after a net loss of EGP540 million the year before, helped by strong growth in its regional investment banking operations, the b More… |
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EFG Hermes appoints independent financial advisorEFG Hermes, a leading investment bank in the Arab world, has appointed HC Securities and Investment as the independent financial advisor (IFA) to opine on the fair value of the stock and the fairness of the offer. More… |
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EFG Hermes names group co-chiefEFG Hermes, a leading investment bank in the Mena region, has appointed Karim Awad as its group co-CEO with immediate effect. Awad was previously the CEO of the Investment Bank at EFG Hermes and was earlier head of Investmen More… |
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Top designers eye $96bn Muslim fashion industryHigh-end designers such as Hermes and Gucci are trying to break into the international Muslim fashion industry estimated to be worth over $96 billion, according to a leading fashion institution in Dubai. French Fashion University Esmo More… |
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Dubai ‘needs more time’; investor confidence hitInvestor confidence in Dubai took a fresh knock on Tuesday as its leaders dithered over a rescue for debt-laden company Dubai World and ratings agency Moody's slapped a downgrade on government-related debt. 'You can usually take th 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… |
