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EFG Hermes

EFG Hermes latest

Sixty percent of fund mangers said they would decrease their investments in Saudi Arabia, displaying bearishness that has carried over from last month.
August 29th, 2019 - 10:17 GMT

Saudi Stocks Plummet as Funds Turn Bearish

Saudi Arabia's stock market fell sharply on Wednesday with all its banking shares dropping as receding fund inflows dampened investor appetite on a day when second phase of Saudi stocks joined the MSCI emerging markets index. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-3…","video_id":"332b5940-4475-4223-8145-3ae1440e586c","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 countries in the world to visit"} EFG Hermes said in a note on Wednesday the investment case for Saudi banks is no longer 'compelling' in their view on the backdrop of receding ...
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Egypt’s stock market index gained 4.82 percent this week. (AFP)
September 3rd, 2018 - 09:49 GMT

Egypt's Stock Market Is the Best-Performer in the Region This Week

The Turkish lira lost about 20 percent of its value against the US dollar. (Shutterstock)
August 16th, 2018 - 09:03 GMT

Interest Rates to Remain Unchanged in Egypt Despite Turkish Lira Crisis

HSBC earned the most investment banking fees in the Middle East during the first six months of 2017, a total of $29.2 million. (AFP/ File)
July 12th, 2017 - 11:04 GMT

Middle East's Investment Banking Fees Down 15 Percent in 2017: Thomson Reuters

Kuwait Energy expects to raise around $150 million from the IPO, which is expected to start trading in June.
 (Shutterstock)
May 4th, 2017 - 08:21 GMT

Kuwait Energy Files for Listing on London Exchange in OPEC first

The divestment is part of Dubai Financial Group's restructuring plan. (Aswat Masriya)
August 15th, 2016 - 05:00 GMT

Dubai Financial Group sells share in Egyptian investment bank EFG Hermes

Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
July 26th, 2016 - 10:00 GMT

Egypt’s Central Bank expected to maintain rate at monetary policy meeting

Despite the mineral-rich concessions on offer and the 2014 law, analysts predict a tepid response to this month's tender. (Shutterstock)
June 9th, 2016 - 09:00 GMT

Gold in them hills: Egypt hopes to strike up gold mining investment with new tender

Al Bawaba
December 21st, 2015 - 09:16 GMT

Devaluation of pound necessary to promote growth in Egypt: EFG Hermes

Clockwise from left, Onsi Sawiris and his sons Naguib, Nassef and Samih. (AFP/composite)
November 29th, 2015 - 01:16 GMT

Two generations to Forbes: A closer look at the Sawiris empire

Al Bawaba
March 3rd, 2015 - 08:10 GMT

'Lacking clear direction': Egypt stocks rebound, Saudi stocks flat

Al Bawaba
December 2nd, 2014 - 04:55 GMT

The million dollar question (well, more): what oil price will break the GCC's budget?

Al Bawaba
August 19th, 2014 - 12:04 GMT

Opening up to foreigners and getting high: Saudi stocks on six-and-a-half year peak

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