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Naguib Sawiris

Qatar play for EFG Hermes stokes backlash in Egypt

The Gulf emirate's play for key assets of the region's preeminent investment bank has prompted a rival consortium, notably backed by billionaire Naguib Sawiris, to declare an interest in buying it outright. The Qatari deal was approved last week by shareholders, but in the current volatile situation anything can happen.

June 6, 2012 7:12
 
Egypt's EFG defends executives against graft charges

Egypt’s EFG Hermes says first quarter net profit fell 6.8 percent

Egypt's EFG Hermes said on Tuesday its net profit for the first quarter fell 6.8 percent from the same period a year earlier.

June 5, 2012 5:24
 
EFG-QInvest tie-up

EFG plans 4 Egyptian pounds dividend after QInvest tie-up

It confirmed in a statement that shareholders had approved the venture, in which EFG would have a 40 percent stake and QInvest 60 percent.

June 4, 2012 10:54
 
Egypt-eyes-Georgias-Poti-port-to-ship-Kazakh-wheat

Egypt eyes Georgia’s Poti port to ship Kazakh wheat

Egypt, the world's biggest wheat importer, said on Sunday it was looking to use Georgia's Poti port for shipments of Kazakh wheat once the port is upgraded to receive Panamax ships carrying shipments of 55-60,000 tonnes

June 4, 2012 10:51
 
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