04/14/2013
Egypt's largest investment bank, has released a statement saying its merger deal with the Qatari company Qinvest may not be executed if the Egyptian Financial Supervisory Authority ( EFSA ) does not approve it before 4 May
04/03/2013
EFG Hermes, the leading investment bank in the Arab world, released its consolidated financial results for the full year 2012
03/04/2013
In 2011 the total remuneration awarded to Absa’s two top executives significantly exceeded the one-to-one ratio being proposed by the EU.
02/28/2013
Based on the terms of the agreement, the transaction is likely to complete during the second quarter of 2013
02/25/2013
Qatar National Bank said in December it would buy a 77 percent stake in NSGB held by French bank Societe Generale.
02/19/2013
Crédit Agricole Egypt’s 2012 net income after taxation of EGP 472.3 million compares with EGP 308 million in 2011, representing an increase of 53.3 per cent.
02/17/2013
The recognition that we have received from MENA Fund Manager is an honour
02/10/2013
Net interest income for FY2012 in line with our forecast
12/19/2012
Emirates NBD will simultaneously offer to acquire the remaining 4.8% of BNP Paribas Egypt from its minority shareholders at the same price.
12/03/2012
The award is a reflection of the milestones achieved by the Investment Banking team despite a difficult political and economic climate.
11/12/2012
Both parts of the acquisition combined will value all of NSGB at about $2.6 billion
11/04/2012
EFG Hermes announced its tie-up with QInvest in May and the deal should close this month
09/02/2012
SocGen, which recently sold fund management unit TCW, is being advised by U.S. bank Morgan Stanley Inc on the transaction, a second source said.
08/15/2012
The bank, which is planning a tie-up with Qatar's QInvest, reported net profit of 80 million pounds a year earlier.
08/01/2012
However, while the newly elected president may have been sworn in and taken over the office of head of state, deep uncertainty lingers over how stable the political environment will remain.
07/01/2012
The fees totalled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totalled $32 billion, down 25 percent from the same period in 2011.
06/11/2012
The Cairo-based bank, founded in 1984, has seen its market value drop steeply since the turmoil of last year's uprising in Egypt.
06/04/2012
Revenues for the quarter split as 62% contributed by the Commercial Bank and 38% by the Investment Bank.
06/03/2012
EFG-Hermes, which operates in countries including Egypt, Saudi Arabia and the UAE, would extend its reach to Turkey and as far as Southeast Asia through the venture. Planet IB chief executive officer Ahmed El Houssieny may pursue a hostile takeover of EFG
05/10/2012
His statement put the central bank on collision course with The People’s Assembly, Egypt’s lower house of parliament.