DEUTSCHE BANK RESEARCH: THE EURO
January 11, 2007 at 8:04 pm | Posted in Economics, Financial, Globalization, History, Research | Leave a comment
DB Research – Norbert Walter:
The euro – a success story
Thursday, January 11, 2007
Dear reader,
We have just issued the following note which is available at our website under the heading “Talking point”:
Norbert Walter: The euro – a success storyFor five years now, we have been sticking euro coins in vending machines and paying our bills with euro notes. And at the turn of the year the European Central Bank surprised us all by reporting that – in terms of the use of cash – the euro had overtaken the US dollar. Following a remarkable start with exchange rates of over USD 1.10, the euro had fallen to USD 0.80, fuelling doubts over the new money. Since the middle of 2002, however, it has strengthened by nearly 50% vis-à-vis the USD – a dramatic increase in value. Against the yen, the euro has added as much as 60% over the past 6 years…
Please find the complete text here:
http://www.dbresearch.com/servlet/reweb2.ReWEB?rwkey=u19454080
If you have any further questions, please do not hesitate to contact us:
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marketing.dbr@db.com
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DB Research – Norbert Walter: The euro – a success story
Thursday, January 11, 2007
EFG-HERMES EGYPT FUNDS
January 11, 2007 at 4:00 pm | Posted in Arabs, Economics, Financial, Globalization, History, Middle East, Research | Leave a comment
EFG-Hermes Telecom
Fund – December Report
EFG-Hermes Asset Managment
Cairo – Egypt [Head office]
Add: 58 El-Tahrir Street, Dokki,
Giza, Egypt.
Tel: +20-2-3383626/7/8
Fax: +20-2-3383616
Thursday, January 11, 2007
Dear Sir/Madam
Kindly find attached The Monthly Report of The EFG-Hermes Egypt Fund as of 31st of December 2006.
Please note that the Net Asset Value was US$39.91 per certificate as of 31st of December 2006.
If you have any queries please contact us at (202) 336-5960/70/80.
Best Regards,
Dear Sir/Madam
Kindly find attached The Monthly Report of The EFG-Hermes MEDA Fund as of 31st of December 2006.
Please note that the Net Asset Value was US$24.05 per certificate as of 31st of December 2006.
If you have any queries please contact us at (202) 336-5960/70/80.
Best Regards,
Dear Sir/Madam
Kindly find attached The Monthly Report of The EFG-Hermes Telecom Fund as of 31st of December 2006.
Please note that the Net Asset Value was US$28.90 per certificate as of 31 st of December 2006.
If you have any queries please contact us at (202) 336-5960/70/80.
Best Regards,
EFG-Hermes Telecom Fund – December Report
EFG-Hermes Asset Managment
Thursday, January 11, 2007
EFG-Hermes is the Arab world’s premier investment banking firm and the market leader in securities brokerage, asset management, investment banking, private equity and research.
EFG-Hermes was established in 1984. In July 1998, EFG-Hermes went public with a USD 50 million GDR offering and now boasts a market capitalization in excess of USD 2.5 billion. EFG-Hermes is listed on the Cairo and Alexandria (CASE) and London stock exchanges.
EFG-Hermes is the number one securities broker on the Cairo and Alexandria Stock Exchange, trading around 20-30% of the daily traded value. The UAE brokerage arm, since launching its operations on DFM in December 2004 and ADSM in March 2005, has built around 7% share of value traded.
In December 2005, EFG-Hermes UAE was granted a license to conduct asset management and investment banking activities from the Dubai International Financial Centre (DIFC).
EFG-Hermes UAE is regulated in this capacity by the Dubai Financial Services Authority (DFSA), an independent regulatory authority that operates to standards that meet or exceed those of major financial centres such as London, New York and Hong Kong.
In February 2006, EFG-Hermes UAE was also granted a license to conduct brokerage activities from within the DIFC and became a member of the Dubai International Financial Exchange (DIFX), its wholesale exchange. EFG-Hermes is the first regional financial institution to broker that market alongside Barclays Capital, Credit Suisse, Citigroup, Deutsche Bank, HSBC, Morgan Stanley and UBS. The firm expects the DIFX to enhance capital mobility in the region and attract new international capital, creating additional regional and international opportunities for the firm and its clients.
The firm represents a customer base of nearly 40000 clients from the Middle East, Europe and the United States.
EFG-Hermes Asset Management currently manages 14 funds. Including portfolios, the total assets under management are currently around USD 2 billion.
EFG-Hermes also manages almost USD 500 million in private equity assets.
Since 1997, EFG-Hermes has raised equity of approximately US$ 8.5 billion for its investment banking clients and advised on more than US$ 14.5 billion worth of M&A transactions. The firm advised major international clients such as Nestle, Kraft foods, American Express, Pepsi Co., Heineken, Bristol-Myers Squibb Co., HSBC, and GlaxoSmithKline.
EFG-Hermes has offices across Egypt, United Arab Emirates and Kingdom of Saudi Arabia and employs over 550 staff.
EFG-Hermes Board Of Directors
| YASSER EL-MALLAWANY – Chairman & CEO of EFG-Hermes |
| HASSAN HEIKAL – Co-Chairman & CEO of EFG-Hermes |
| CHARLES MCVEIGH III – Chairman, Citigroup Global Investment Banking—Private Banking Partnership |
| D WILLIAM J GARRETT – Chairman, Redburn Partners |
| WALID KABA – Director, Bullion Company Limited |
| RAMSAY ZAKI – CFO of EFG-Hermes |
EFG-Hermes Executive Management
| YASSER EL-MALLAWANY – Chairman & CEO of EFG-Hermes |
| HASSAN HEIKAL – Co-Chairman & CEO of EFG-Hermes |
| RAMSAY ZAKI – CFO |
| SHERIF CARARAH – Managing Director, Brokerage and Distribution |
| PHILIP KHOURY – Head of Research |
| SHAYNE ELLIOT – COO of EFG-Hermes |
| ASHRAF ZAKI – Managing Director and Co-Head of Investment Banking |
EFG-Hermes Business Lines Heads
| SHERIF CARARAH – Head of Brokerage and Distribution |
| ASHRAF ZAKI – Co-Head of Investment Banking |
| MAHA BALIGH – Head of Asset Management: Egypt |
| ALI HUSSEINI – Co-Head of Investment Banking |
| SEIF FIKRY – Head of UAE Brokerage |
| HASHEM MONTASSER – Head of Asset Management: Regional |
EFG-Hermes Regional Heads
| HASSAN HEIKAL – Co-Chairman & CEO of EFG-Hermes [Acting CEO of EFG-Hermes (UAE)] |
Cairo – Egypt [Head office]
Add: 58 El-Tahrir Street, Dokki, Giza, Egypt.
Tel: +20-2-3383626/7/8
Fax: +20-2-3383616
Alexandria – Egypt
Add: Fawzy Mouaz st., Semouha, Alexandria.
Tel: +20-3-425 6910 – 425 1916 – 420 0196
Fax: +20-3-425 6912
Mansoura – Egypt
Add: 5 Gomhoreya we Assaf Street, Dakahleya, Mansoura.
Tel: +20-050-2365300/2
Fax: +20-050-2365301
Dubai – UAE
Add: Level 6, The Gate, West Wing – Dubai International Financial Centre – P.O. Box 30727, Dubai.
Tel: +971-4-6364000
Fax: +971-4-3621170Brokerage
Add: Level 11, Emirates Towers – Sheikh Zayed Road – P.O. Box 112736, Dubai.
Tel: +971-4-3300527
Fax: +971-4-3300529
JORDINVEST’S WEEKLY NEWSLETTER: AMMAN
January 11, 2007 at 1:48 am | Posted in Arabs, Economics, Financial, Globalization, History, Middle East, Research | Leave a comment
Jordinvest’s Weekly Newsletter
Jordinvest
Monday, January 31, 2005
For past issues of the Weekly Review and Analysis and other information on Jordinvest, please visit our website at: www.jordinvest.com.jo
Jordinvest
HSBC Building, Fifth Circle
Fourth Floor
Tel 962 6 556 0170
Fax 962 6 556 0181
P.O. Box 911447
Amman 11191
Jordinvest’s Weekly Newsletter
Jordinvest jordinvest@jordinvest.com.jo
Monday, January 31, 2005
CFG BlOG
EDITOR-IN-CHIEF: RICHARD MELSON
ANALYZING GLOBALIZATION
THE MIDDLE EAST AND THE WORLD-SYSTEM
Cambridge Forecast Group Blog 