EFG-Hermes News

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Gulf Times

Dubai borrowing from ENBD 'breaches' new central bank guidelines
Gulf Times
“That number has gone up, and one reason why that could have happened is that other avenues were not available for the Dubai government and government-related entities to get financing,” said Shabbir Malik, a banking analyst at EFG-Hermes in Dubai.

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05/20/2012 09:17 PM

Globe and Mail

Investors bank on election restoring stability to Egypt
Financial Times
“There is some optimism that the transition is taking place, and there are plenty of investors waiting for Egypt to calm down to invest,” said Simon Kitchen at EFG-Hermes, the regional investment bank. Investment plunged after the revolution early last ...
What Egypt needsZawya (registration)

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05/20/2012 07:49 PM

Ahram Online

Market Report: Egypt stocks fall 2 pct as election worries mount
Ahram Online
Other heavyweights took significant losses, none more so that investment bank EFG-Hermes, which saw its shares plunge 5.1 per cent. The firm had charted strong gains over the last week, boosted by news of its agreement with Qatar's Qinvest to found a ...

05/20/2012 06:20 PM

Saudi stocks rebound from 3-month low
Trade Arabia
"There was probably a feeling that yesterday was a little bit over-done," said Julian Bruce, EFG-Hermes' director of institutional equity sales. "7000 is a key index level so the fall below that might have triggered some buyers.

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05/20/2012 11:15 AM

The National

Investors globally to focus on Greece
The National
"We won't see a clear direction on some of the macro variables for some time," Simon Kitchen, a strategist at EFG-Hermes in Cairo, told Reuters. "The market will be looking around for a direction and won't be finding it." The election comes as the ...

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05/19/2012 09:14 PM

Fewer local companies pick UAE bourses for their IPOs
The National
Elsewhere, the number of companies with primary listings on Nasdaq Dubai felllast week after a consortium including Mannai Corporation and EFG-Hermes took full control of the jeweller Damas International. Depa,an interior design company, ...

05/19/2012 09:14 PM

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