EFG Hermes Holdings SAE (HRHO.CA)
21 Aug 2019
* Ten of 11 Saudi banks fall * Emaar Misr continue losses on lawsuit * Julphar falls for second day on drug recall * Savola drops on lower second-quarter profit * Qatar ends winning streak By Maqsood Alam Aug 21 Most major Gulf stock markets fell on Wednesday, with Saudi banking shares pushing that index down the most, amid rising regional geopolitical tensions and ahead of U.S. Federal Reserve events. Tensions in the Middle East remained in focus af
DUBAI, Aug 14 Property developer DAMAC Properties Dubai Co PJSC reported a nearly 87% drop in second-quarter net profit on Wednesday, hurt by the emirate's slumping property market.
CAIRO Egyptian digital payment company Fawry has set the price for its initial public offering (IPO) at 6.46 Egyptian pounds ($0.3906), it said on Friday.
* Gulf banks strong after EFG Hermes forecast * Saudi's United Electronics gains on strong Q2 earnings * Kuwait surges for ninth day * Egypt's COMI rises on higher Q2 profit * Bank of Sharjah slips further on weak Q1 results By Ateeq Shariff July 9 Major Gulf markets closed higher on Tuesday, mostly riding on banks after Egypt's EFG Hermes forecast a higher second-quarter profit for the Middle East's financial sector, while Kuwait continued to rise for a
DUBAI, May 15 Dubai's DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, reported a 94% annual drop in first-quarter net profit, pressured by a slump in the emirate's property market.
DUBAI Egypt's EFG Hermes is working on a $500 million merger and acquisition in Saudi Arabia and expects more deals to come out of the kingdom this year, especially from the private sector, its head of investment banking told Reuters.