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EFG Hermes’ net income before tax and minority interest surged 70% y-o-y to EGP 650 mn in 3Q 2022 as operating revenues nearly doubled to EGP 2.3 bn during the quarter, boosted by the consolidation of revenues at its recently acquired aiBank and growth across all of its verticals, the company said in its earnings […]
Author Archives: enterpriseam admin
Posted inCLIMATE CEO POLL
Karim Moussa, head of PE and asset management + co-CEO of EFG Hermes Investment Bank
Enterprise Climate CEO Poll - Karim Moussa: Our Enterprise Climate CEO Poll interviews with top C-suite execs and business leaders about key issues being raised at COP27, including climate finance, regulation, and the green economy. This morning we’re talking to EFG Hermes’ Karim Moussa: Moussa wears many hats at EFG Hermes: He’s the co-CEO of […]
Posted inMoves
Mohamed Naguib Ibrahim appointed GB Auto chairman following Raouf Ghabbour’s passing
Mohamed Naguib (LinkedIn) succeeds the late Raouf Ghabbour as the non-executive chairman of GB Auto, the company said in an EGX disclosure (pdf) yesterday. Ghabbour, a leading figure in the business community, passed away last week aged 69 after a long battle with cancer. Naguib has served on the boards of a number of banks […]
Posted inKudos
GAFI picks up a UNCTAD award for Minya sugar project + US Chamber of Commerce and AmCham support the Global Methane Pledge
GAFI picks up a UNCTAD award for Minya sugar project
Posted inLAST NIGHT’S TALK SHOWS
Crackdown on rice hoarding + an uneven start to life for the government’s car import app
It was almost a COP-less night on the airwaves last night if you can believe it: The nation’s talking heads turned their focus to domestic issues, including the new app to help expats apply to the car import scheme and the government labeling rice as a strategic commodity to crack down on rice hoarding. Rice […]
Posted inEGYPT IN THE NEWS
An oil refinery is dumping 40k cbm of toxic waste in the Red Sea every day, the BBC reports
Climate change and environmental issues in Egypt is the sole focus of the foreign press this morning, making this the first day since the COP27 summit began 12 days ago that human rights is absent from the international conversation. The BBC looks at allegations of toxic wastewater being dumped in the Red Sea, the Guardian […]
Posted inAlso on our Radar
GASC buys 300k tons of Russian wheat in direct purchase, say traders
Egypt’s state grains buyer yesterday bought 300k tons of Russian wheat direct from suppliers, traders told Reuters. GASC last week ordered 280k tons of Russian wheat after it canceled a tender earlier this month due to high prices. Another tragic road accident: Fourteen people died when a minibus collided with a pick up truck in […]
Posted inPLANET FINANCE
Crypto lenders halt withdrawals as FTX collapse shakes industry + Anghami cuts 22% of staff
FTX collapse carnage continues: Crypto lender Genesis and the bn’aire Winklevoss’ Gemini Trading have both halted withdrawals, BlockFi will file for bankruptcy in the coming days, and Singapore’s state investor Temasek has written off its entire USD 275 mn investment in FTX. In addition to multiple regulatory probes, FTX’s ex-bn’aire founder Sam Bankman-Fried is facing […]