Investment Bank

The Story of Pharos

Mon, 18 Jun 2018 - 12:00 GMT

Expanding across the board, and bidding to manage some upcoming public companies’ IPOs, Pharos is on an upward curve, and CEO Angus Blair tells us how.

Deutsche Bank to cut thousands of staff in investment bank revamp

Thu, 24 May 2018 - 09:01 GMT

It said on Thursday it would reduce global headcount to well below 90,000 from the current 97,000.

Kuwait Energy appoints adviser as it looks to sell Iraq asset

Sun, 20 May 2018 - 02:01 GMT

The move is aimed at creating much-needed liquidity for the company’s shareholders and a cash buffer to repay its debt, the sources said.

EU leaders struggle to save Iran economic ties from US sanctions

Thu, 17 May 2018 - 02:10 GMT

European Union leaders agreed on Wednesday to try to keep the Iran nuclear deal alive and maintain their reviving economic cooperation with Tehran.

Deutsche Bank to scale back investment bank as profits drop

Thu, 26 Apr 2018 - 08:01 GMT

The cuts will result in job losses and include a scaling-back of its business with hedge funds. The bulk of the cuts will focus on the United States and Asia.

Prime signs to manage an IPO with LE 500M on EGX

Sun, 04 Feb 2018 - 11:53 GMT

Prime Holding signed a contract to manage an initial public offering (IPO) on the Egyptian Exchange (EGX) for a company operating in the education sector with LE 500 million ($28.26 million) as initial capital.

EFG Hermes looks to manage renewable energy projects

Mon, 25 Dec 2017 - 11:15 GMT

The projects that the bank was targeting were worth at least $250 million in investments.

EFG Hermes’ net profit quadruples to LE 237M in Q3

Thu, 16 Nov 2017 - 10:26 GMT

The investment banking division contributed LE 21 million in Q3.

CI Capital partners with Saudi's Al Rajhi for expansion

Sun, 12 Nov 2017 - 09:29 GMT

Under the partnership, Al Rajhi will offers access and execution opportunities for CI Capital's institutional clients.

EGF Hermes launches its London annual conference

Mon, 06 Nov 2017 - 10:38 GMT

A number of 290 investors working in 10 industries spanning 20 countries, as well as fund managers gathered to exchange market insights.

EFG Hermes reports eight-fold profit increase in Q2

Tue, 15 Aug 2017 - 09:30 GMT

The solid growth of the advisory, brokerage and asset management businesses helped the group’s revenues exceed the LE 1 billion mark for the quarter.

EFG Hermes gets brokerage business license in Kenya

Thu, 20 Jul 2017 - 11:40 GMT

EGF Hermes Kenya Ltd has obtained brokerage business license in Kenya, after obtaining the approval of Kenya Capital Markets Authority.

Renaissance Capital to open Cairo office

Thu, 27 Apr 2017 - 10:12 GMT

Renaissance Capital confirmed Thursday that a Cairo office will be opened this year, expecting to complete the necessary approvals within a few months, a press release stated