The Saudi unit of Egypt's EFG-Hermes plans a fund to invest in listed Saudi Arabian sharia-compliant shares and initial public offers, hoping to benefit from the regulator's drive to increase institutional investment in the bourse.
Egypt's EFG Hermes turned a profit after tax and minority interests of EGP538 million ($70.51 million) last year after a net loss of EGP540 million the year before, helped by strong growth in its regional investment banking operations, the b
EFG Hermes, a leading investment bank in the Arab world, has appointed HC Securities and Investment as the independent financial advisor (IFA) to opine on the fair value of the stock and the fairness of the offer.
EFG Hermes, a leading investment bank in the Mena region, has appointed Karim Awad as its group co-CEO with immediate effect.
Awad was previously the CEO of the Investment Bank at EFG Hermes and was earlier head of Investmen
High-end designers such as Hermes and Gucci are trying to break into the international Muslim fashion industry estimated to be worth over $96 billion, according to a leading fashion institution in Dubai.
French Fashion University Esmo
Investor confidence in Dubai took a fresh knock on Tuesday as its leaders dithered over a rescue for debt-laden company Dubai World and ratings agency Moody's slapped a downgrade on government-related debt.
'You can usually take th
Cairo-based investment bank EFG-Hermes shifted exposure on its Middle East Focus List away from Egypt and towards Saudi Arabia, saying a neutral stance was now right for the local market due to its recent strength.
Egypt's benchmark stock
The French house of Hermes, makers of harness and saddles, is all set to open its second store in Dubai next month.
The new store will offer all 14 product categories of les métiers d'Hermès consisting of leather goods, silk scarves, ties,
The Porto Arabia store in the artificial island of The Pearl marks the expansion of Hermes in the Middle East.
The new boutique which has a surface area of 232 square metres has been created by RDAI, the Parisian architectural agency heade
After the launch of its Dubai outlet in 2004, Hermès, leading maker of harness and saddles, has opened a new store in Manama as part of its regional expansion plan.
The company, which boasts of six generations of enterprising artisans, hav