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EFG and GB Auto to complete purchase of 75% Tokio Marine Egypt in 2Q2020
M&A WATCH- EFG Hermes, GB Capital to close Tokio Marine majority stake acquisition before the month is out: A consortium…
What we’re tracking on 11 June 2020
Good morning, friends, and welcome to the end of the workweek at a time of year when we would normally…
Five cement factories could close this year as covid-19 compounds sector’s woes
Four or five of Egypt’s two dozen cement factories could be forced to close in the coming months, as the…
Egypt, Pakistan are EFG’s top frontier and emerging markets picks after sell-off and earnings downgrade
Egypt and Pakistan are EFG’s top frontier and emerging markets picks after sell-off and earnings downgrade: Egypt and Pakistan’s equity…
Central Bank of Egypt leaves rates unchanged in May
CBE decides to keep a bullet in its chamber, leaving rates on hold at MPC meeting: The Central Bank of…
Omar El Defrawy appointed CFO at elmenus
MOVES- Omar El Defrawy (LinkedIn) has been appointed chief financial officer at food delivery service Elmenus. El Defrawy was formerly…
FAB completes due diligence on Bank Audi Egypt acquisition, now finalizing its offer
M&A WATCH- FAB completes due diligence on Bank Audi Egypt: First Abu Dhabi Bank (FAB) has completed due diligence on…
EFG Hermes tops EGX brokerage league table in April
EFG Hermes topped the EGX’s brokerage league table in April with a market share of 28.7%, according to Al Mal.…
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