EFG Hermes Leasing, a wholly-owned subsidiary of leading investment bank EFG Hermes Holding, is planning to raise its paid-up capital by 25 percent this year, its chief executive Wael Ziada told Amwal Al Ghad Wednesday.
Ziada said the anticipated (...)
Egyptians Housing Development and Reconstruction is studying the establishment of a residential and administrative tower in south of Cairo with investments up to 800 million Egyptian pounds (US$102 million), its executive director said (...)
Egypt's EFG-Hermes, the leading investment bank in the Middle East, says Tuesday it plans to run some new initial public offerings (IPOs) in food, healthcare, education, industrial sectors.
Mostafa Gad – EFG Hermes' investment banking director – (...)
Egypt's EFG-Hermes, the leading investment bank in the Middle East, is seeking to run ten new mergers and acquisitions this year, its investment banking director announced Monday.
Mostafa Gad further said that the planned M&A deals will be in (...)
Egypt's stock market posted weekly gains worth 10.8 billion Egyptian pounds (US$1.4 billion) during four trading sessions.
Trading shut for one day on the occasion of the 25 January Revolution anniversary as well as Police Day.
Egypt's rally comes (...)
EFG Hermes, closed 2015 as the number one investment bank in MENA as ranked by fees generated from equity capital market transactions, according to Thomson Reuters Deal Making Intelligence's report.
The Egypt-based leading investment bank in the (...)
The fourth annual Egypt-focused investment conference for the investment bank CI Capital has kicked off in Cairo Tuesday, with the participation of largest 100 firms listed in the local bourse.
Chief executive Mahmoud Attalla said this year (...)
Egyptian investment bank, CI Capital is planning to increase its assets under management this year, its deputy group CEO Hazem Badran said Tuesday.
During CI Capital's investment conference kicked off Tuesday, Badran said the company is managing (...)
Egyptian investment bank, CI Capital is working on four initial public offerings (IPOs) on Cairo bourse that are expected to complete this year, its deputy group CEO Hazem Badran said Tuesday.
During CI Capital's investment conference kicked off in (...)
Egypt's investment bank, Pharos Holding is working on two initial public offerings (IPOs) on Cairo bourse that are expected to complete in the second half of 2016, its chief executive Elwy Taymour said Monday.
The planned IPOs are in health and (...)
Egyptians for Housing and Development Company is seeking to increase its profits to 300 million Egyptian pounds (US$38 million) in two years; 2017 and 2018, its vice chairman and managing director Hashem El Sayed said Sunday.
Elsayed added that the (...)
Five firms are expected to be listed on Egypt's bourse for the small and medium-sized enterprises (NILEX) within the first half of this year, said Egypt-based financial adviser Economic Group for Securities.
Kamal Eldin Mahgoub – Economic Group's (...)
Egypt-based financial adviser, Eagle is planning to help list five firms' shares on the country's bourse for the small and medium-sized enterprises (NILEX) in the first half of 2016, its chairman announced Sunday.
Yasser Emara said five firms are (...)
Egyptian President Abdel-Fattah El-Sisi visited Tuesday afternoon the Egyptian General Intelligence Service headquarters in Cairo where he held a meeting to discuss the latest regional developments and their impacts on Egyptian national security.
In (...)
Egypt-based private equity firm, Union Capital is planning this year to double the volume of its assets under management (AUMs) to 300 million Egyptian pounds (US$38 million), its managing director said Sunday.
Minoush Abdel-Meguid told Amwal Al (...)
Egypt's stock market incurred losses totalling 70.3 billion Egyptian pounds (US$9 billion) during 2015.
Market capitalisation ended at 429.793 billion on the final trading day of 2015, from 500.020 billion in the same period a year earlier. Through (...)
The rate of listing firms on the Egyptian bourse has jumped 300 percent during 2015, chairman Mohamed Omran announced Tuesday.
Omran said 15 companies were listed in the Egyptian Exchange (EGX), with total subscriptions worth 6.2 billion Egyptian (...)
Private equity manager in MENA region, First Equity Partners (FEP) plans to boost the volume of assets of its affiliate FBE Capital to 2 billion Egyptian pounds (US$255.3 million) by the end of 2016, said deputy CEO Sunday.
In March 2015, First (...)
Mashreq Petroleum, a subsidiary of Qalaa Holdings, has terminated a franchise contract to build, operate, and transfer a liquid bulk station at East Port Said region.
Mashreq has signed an agreement to withdraw concession lands in favour of the (...)
First Equity Partners (FEP), a leading private equity manager in the MENA region, is to pump investments of 500 million Egyptian pounds (US$63 million) into Egyptian market in 2016, its deputy CEO Omar El Maghawry said Saturday.
El Maghawry told (...)
Telecom Egypt (TE) aims at replacing copper cables with fiber optic ones for around 4 million homes at the end of 2015, the company announced in a statement released Tuesday. This step comes among company's tripartite plan.
TE stated that the total (...)
Egypt's property developer SODIC (OCDI.CA) has signed sales contracts worth 3.6 billion Egyptian pounds (US$460 million) since the beginning of 2015, surpassing last year's full-year total.
SODIC, or Sixth of October Development and Investment (...)
Egypt's stock market incurred weekly heavy losses amounting to 27.1 billion Egyptian pounds (US$3.46 billion) driven by travel ban to Sharm El-Sheikh and the increased interest rates in local banks.
Several banks, including the largest two (...)
Porto Group has sparkled on its first day of trading early Thursday on Cairo bourse.
The stock traded as high as 0.38 Egyptian pounds (US$0.05), or 31.03 percent during the early hours of trading on the Egyptian stock Exchange (EGX).
Porto Group has (...)
Egypt's stock market has incurred losses in a week amounting to 9.3 billion Egyptian pounds (US$1.2 billion) following investment minister's remarks on ‘inevitable' depreciation of the local currency.
"Depreciation of the Egyptian pound is no longer (...)