One of the most active financial institutions in the region is Egyptian firm EFG Hermes.
Last month, it completed two deals, highlighting its ambitions in the Gulf and in wider international markets. EFG invested in one of Kuwait’s leading brokers, so gaining access to the second most important stock market in the region, and took a 9.97% stake in Panmure Gordon, one of the UK’s oldest and most blue-blooded independent investment banks.
At £3.2 million ($5.7 million), the...
