Hints and tips:
...They manufacture some products in factories there and their profits helped to boost Irish corporation tax receipts by 48 per cent last year to a record high of €22.6bn....
...They were laying the foundations for a multinational mining company called Eurasian Natural Resources Corporation (ENRC). Mirakhmedov was assigned to the ferro-alloys division....
...Bank of America Merrill Lynch, EFG Hermes and Numis are advising Kuwait Energy on the IPO....
...Brokers EFG Hermes expect at least a 50 basis point rise....
...Amphenol Corporation managed to buck the wider market gloom to trade higher....
...An announcement of financial support was “key in ensuring Egypt’s short term macro-stability easing the current squeeze” in foreign exchange liquidity, according to a research note by EFG-Hermes, a regional...
...BG is owed $1.4bn from the state-owned Egyptian General Petroleum Corporation. BP, another of Egypt’s largest producers, declined to say how much it is owed....
...The board of the Investment Corporation of Dubai, a holding body that controls the emirate’s corporate crown jewels, such as Emirates Airlines, has been reduced from six to five members....
...A consortium led by Qatar’s Mannai Corporation has agreed to make an offer to acquire Damas, valuing the Dubai-based jewellery retailer at $445m and potentially bringing a close to a turbulent two-and-a-half...
...In Poland, credit is still expanding – by an annual 16 per cent for corporations and about 10 per cent for households – but new lending is expected to slow sharply this year....
...Qatar’s Mannai Corporation has had its highs and lows in 60 years of doing business....
...There are also bonds from state-owned entities like Hellenic Railways, National Bank of Greece and EFG Eurobank. In fact, the initial list of deliverables has already been published....
...EFG Eurobank climbed 14.7 per cent to €1.33 and Piraeus Bank jumped 14.8 per cent to €0.62. European carmakers also headed higher, responding to a more positive mood across European markets....
...“The impact it had on sentiment and investors was disproportionate to the gains,” said Wael Ziada, head of research at EFG-Hermes, the regional investment bank....
...Platon Monokroussos, head of markets research at EFG Eurobank, said: “The latest figures confirm earlier fears that revenues were slowing significantly, but there’s still quite a lot of uncertainty over...
...project agreements backed by government guarantees from the ministry of finance,” says Bakr Abdel Wahab, senior vice-president of private equity at EFG-Hermes....
...“The rise in unemployment is in line with the macroeconomic environment and is evolving according to the economic programme,” said Platon Monokroussos, head of financial markets research at EFG Eurobank...
...Both issues were oversubscribed and followed a smattering of issues by China’s Ministry of Finance and other banks and corporations....
...The increase resulted from the reclassification as general government debt of €18.2bn of accumulated debt owed by public-sector corporations and from a €5.3bn adjustment for off-market swaps carried out...
...“The only way out is to encourage private investment, foreign direct investment and export-oriented growth,” says Nikolaos Karamouzis, deputy chief executive of EFG Eurobank....
...Companies that have so far reported earnings in the second quarter show an annual contraction of about 28 per cent, says EFG-Hermes....
...Piraeus Bank rose 3.9 per cent over the week to €5.77 and Alpha Bank added 4.7 per cent to €6.60, but EFG Eurobank slipped 0.7 per cent to €5.50 and National Bank of Greece dropped 3.9 per cent to €13.55...
...EFG Eurobank jumped 7.1 per cent to €6, National Bank of Greece added 4.3 per cent to €14.40, while Alpha Bank advanced 2.9 per cent to €7.05....
...Sabic also enjoys discounted prices for other feedstock such as propane and butane, says Ahmed Shams el-Din, senior equity analyst at EFG-Hermes, a regional investment bank....
...The bank advised Saudi Basic Industries Corporation on its $11.6bn acquisition of GE Plastics; was the sole bookrunner in Dubai Financial Group’s recent sale of some of its shares in EFG-Hermes, the investment...
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