​Euromoney names EFG Hermes’ Research Division the “Best Overall Research House” in the Middle East with number one rankings in eight of the 14 considered business sectors 10 November 2011 — Cairo, Egypt — EFG Hermes, the leading investment bank in the Arab world, is pleased to announce that its Research Division has been named Best Overall Research House in the Fifth Annual Middle East Equity Research Poll conducted by Euromoney. The prestigious ranking has placed EFG Hermes at the top of an impressive list of leading global and regional firms that includes: HSBC, Deutsche Bank, Credit Suisse, Merrill Lynch, Citigroup and JP Morgan. Over the past four years, EFG Hermes Research has won more no. 1 categories in Euromoney's Middle East Research Survey than any other provider, making EFG Hermes the most successful research house for the last four years in the survey. The rankings are based on surveys from global and regional institutional investors evaluating the quality of research provided by EFG Hermes’ Research Division and its competitor research houses. “I would like to thank our clients for their valuable votes that won us this prestigious ranking, especially considering the competitive landscape and the multifaceted and challenging developments that have taken place in the MENA region this year,” said Wael Ziada, Head of Research at EFG Hermes. Clive Horwood, Editor of Euromoney, one of the world’s leading financial markets magazines, said: “At a time when research is proving ever more vital and core to investment strategies in increasingly important markets such as the Middle East, Euromoney’s annual Middle East Research Poll has highlighted the institutions leading the way in this field, and has recognised those committed to producing high quality insight into emerging markets.” Of the 14 considered business sectors, EFG Hermes’ Research Division ranked first in Airlines & Aviation, Banking & Finance, General Industries, Pharmaceuticals, Strategy, Telecommunications, Transport & Shipping, and the Utilities Sector