Latest in Highlight

Advertising Area





Latest in


Currency flotation is paying off as foreign flows drive foreign-exchange stabilisation: EFG Hermes

Squeezed by turbulence and uncertainty since 2011, Egypt’s economy encountered numerous challenges, such as the prolonged political transition that led to the build-up of macroeconomic imbalances. The government decided to adopt an economic reform programme—backed by the International Monetary Fund (IMF)—which included the introduction of the value-added tax (VAT) law, the reduction of fuel subsidies, …

Mohamed Samir

EFG Hermes achieves EGP 41m net profits in Q3 of 2016

The Egyptian Financial Group (EFG) Hermes, a financial service corporation in the Middle East and North Africa (MENA), announced in a report on Tuesday a 28% annual growth of its continued operation revenues year-on-year (y-o-y), reaching EGP 294m, with net profits of EGP 41m in the third quarter of 2016. Revenues from continued and discontinued …

Reem Hosam El-din

EFG Hermes to expand in US with New York office

The Egyptian Financial Group (EFG) Hermes, a financial service corporation in the Middle East and North Africa (MENA) region, is currently obtaining approvals from regulatory authorities to open its new office in New York in the United States in order to offer services to its clients there, according to a report released by the group …

Reem Hosam El-din

Cleopatra Hospital

Cleopatra Hospital’s board approves 47% acquisition of CSH

Cleopatra Hospital Company (CLHO.CA on the Egyptian Exchange) announced that its Board of Directors approved the appointment of EFG Hermes Investment Banking to advise on the group’s potential acquisition of an additional 47% stake in Cairo Specialised Hospital (CSH), according press statement on Sunday. CSH is a subsidiary of Cleopatra Hospital, as the company acquired …

Daily News Egypt