At the Arabian Business Magazine’s Awards ceremony last night, EFG Hermes was awarded Investment Bank of the Year. Matthew Wakeman received this award on behalf of the bank. A spokesperson for Arabian Business commented ‘the banking industry may be struggling amid the global economic downturn, but some are still performing strongly, as EFG Hermes has proved.’ The awards were judged by a distinguished panel of business leaders and ITP senior executives. The awards are designed to recognize excellence across all sectors of business in the Arab world, and winners were selected from among a list of exceptional candidates in each of the 18 categories.
More than 125 investors representing 62 prominent global firms attended the London Stock Exchange’s first Egypt Capital Markets Day (ECMD) on Friday, 28 November 2008, to meet with 10 leading EGX-listed companies and senior government officials.
EFG Hermes will be the lead equity sponsor of the first NASDAQ OMX Middle East Investor Conference, set to be held in Dubai on Thursday November 20, 2008. The landmark event will provide the Middle Eastern investor community with the opportunity to meet with and learn more about the strategies of more than 30 leading listed companies in a number of sectors including information technology, healthcare, media, retail, precious minerals and natural resources companies, among many others.
EFG Hermes released its earnings results for the first nine months of 2008, its first since the Middle East began feeling the effect of the credit and liquidity crunch in Western markets. (Click here to download the latest earnings release)
EFG Hermes has today confirmed its commitment to providing its clients with quality research products with the launch of the EFG Hermes Focus List. This innovative research tool lists the investment bank’s top ten stock picks from across the Middle East and North Africa region.
EFG Hermes Securities Brokerage now offers its foreign institutional investors access to the largest market in the Middle East & North Africa (MENA) region, Saudi Arabia, through its recently launched Abwab product.
The majority of the 3,000 plus residents of Ezzbet Yacoub, located in the Upper Egyptian governorate of Beni Suef, are landless peasants who live below the poverty level. Set in dusty squalor, they live in 370 dilapidated houses that lack basic amenities such as running water, sanitary facilities and electricity. Like many other impoverished rural communities in Egypt, their plight goes largely unnoticed.
Following the recent addition to its leadership team and underlining its strategy to expand its footprint across the MENA region, the private equity arm of leading regional investment bank EFG Hermes has today announced its investment of US$65 million in Gulf Housing Solutions Limited (GHS). GHS acquires, develops, sub-leases and manages staff accommodation facilities for the construction industry and the hospitality sector in the UAE.
Landmark US$ 70 million deal for 49% of Egypt’s largest advertising, media and marketing communications firm comes after a highly competitive bidding process by the world’s two largest communication groups
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