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el Mallawany

Egypt’s EFG-Hermes drops 5.7 percent after CEO travel ban

Egypt’s EFG-Hermes drops 5.7 percent after CEO travel ban

Shares in EFG-Hermes , Egypt's biggest investment bank, plunged 5.7 percent at the opening of the market on Monday and trading was suspended after its chief executive Yasser el Mallawany (image above) was banned from leaving Egypt.

February 6, 2012 2:35