Prosecutor general freezes accounts of well known businessmen
List includes former President Hosni Mubarak’s two sons, Alaa and Gamal, as…
Saudi and Egyptian businessmen freeze investments in Egypt
Decision comes in response to Prosecutor General Tala’at Abdallah’s decision to ban…
EFG Hermes, QInvest on verge of completing merger
The Qatari partner will hold a 60% stake in the new venture,…
EFG Hermes: Egypt’s economy will grow 3.5% in 2013
The acceptance of Egypt’s pending IMF loan will have a positive effect…
EFG deal fails to lift the market
Al-Saeed expects the market to resume its positive performance Wednesday despite price…
EFG Hermes reports a 66 percent drop in net profits during Q2
By Islam Serour EFG Hermes released the Consolidated Financial Report for the…
CIB and EFG-Hermes take over one-third of Tuesday’s trading
By Islam Serour Commercial International Bank (CIB) and Hermes Financial group represented…
EFG-Hermes 2011 profit tumbles 63 percent
By Ehab Farouk and Tamim Elyan / Reuters CAIRO: Egyptian bank EFG-Hermes reported…
Qatari, Egyptian bidders to buy jeweler Damas
By Adam Schreck / AP DUBAI: Damas International, a prominent Mideast jeweler involved…
EFG Hermes and QInvest may merge units
By Nadia Saleem and Patrick Werr / Reuters DUBAI/CAIRO: Egyptian group EFG Hermes…