Latest EFG-Hermes News


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02/19/2018 12:15 AM


The National

Aldar fourth quarter profits fall 80 per cent on asset management charge
The National
Aldar Properties, Abu Dhabi's largest real estate developer, reported an 80 per cent plunge in fourth quarter profits on a one-time charge related to its asset management business, against a backdrop of falling property prices in the capital. The ...

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02/15/2018 06:50 AM


Khaleej Times

Etisalat 2017 net profit rises to Dh8.44 billion
Khaleej Times
Its total assets, however, increased to Dh128.2 billion from Dh122.5 billion in the previous year. Etisalat's fourth-quarter 2017 net profits fell nearly 12 per cent to Dh1.97 billion from Dh2.24 billion for Q4 2016. Etisalat's stocks closed unchanged ...

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02/14/2018 06:12 PM


Bloomberg

With $4 Billion Bond Sale Done, Egypt Readies Euro Offer
Bloomberg
The strategy of becoming a regular issuer on international markets will enable Egypt “to borrow easily and at relatively better pricing,” said Mohamed Abu Basha, an economist at investment bank EFG-Hermes in Cairo. While the global market turmoil last ...

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02/14/2018 10:29 AM


News of Bahrain- DT News (press release)

Emaar Malls, Aramex boost Dubai, MSCI changes roil Egypt market
News of Bahrain- DT News (press release)
Egyptian interest rates look set to fall as inflation eases. In a report this week, AlphaMena kept an “add” rating on the stock with a six-month target of 88.8 pounds, but said the bank would suffer from an interest rate cut since the fixed interest ...
US dollar drops sharplyZAWYA

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02/14/2018 07:07 AM


Nasdaq

Middle East Stocks Mixed, Dubai Boosted by Earnings
Nasdaq
MSCI also said it had decided to add Eastern Co to its MSCI Egypt global standard index, replacing EFG Hermes, which moves to its small cap index. Meanwhile, El Sewedy Electric will be deleted from the small cap index. MSCI's changes will take effect ...

02/13/2018 04:31 PM