Nassef Sawiris

Egypt’s Orascom Construction wins $420 mn power plant contract
Business

Egypt’s Orascom Construction wins $420 mn power plant contract

Egypt's Orascom Construction has been awarded a $420 million contract to revamp two government-owned power stations, the company said on…
Nassif Sawiris acquires remarkable share in Irish C&C Group
Business

Nassif Sawiris acquires remarkable share in Irish C&C Group

Egyptian businessman Nassef Sawiris has acquired shares worth 22.4 million pounds in Irish alcoholics maker C&C Group, garnering him a…
Hawkins and Sawiris forge investment partnership, with Adidas in sights
Business

Hawkins and Sawiris forge investment partnership, with Adidas in sights

Egyptian tycoon Nassef Sawiris has formed a partnership with US investor Mason Hawkins and his colleagues at Southeastern Asset Management…
OCI, IPIC sign deal for Egyptian coal-powered plant
Business

OCI, IPIC sign deal for Egyptian coal-powered plant

Orascom Construction Industries (OCI) said Tuesday it had reached an agreement with the International Petroleum Investment Company (IPIC) for the…
Orascom donates retrieved tax payments to Long Live Egypt fund
Business

Orascom donates retrieved tax payments to Long Live Egypt fund

OCI NV, the parent company of Orascom Construction Industries, said its board unanimously agreed Thursday to transfer LE2.5 billion-- an…
Billionaire Nassef Sawiris to ramp up Egypt investments after tax win
Egypt

Billionaire Nassef Sawiris to ramp up Egypt investments after tax win

Egyptian billionaire Nassef Sawiris said on Tuesday his company, OCI, would make "huge" investments in Egypt following the resolution of…
Final decision on Nassef Sawiris’ dispute with Tax Authority postponed to 4 November
Egypt

Final decision on Nassef Sawiris’ dispute with Tax Authority postponed to 4 November

Orascom Construction Industries (OCI) announced that the final decision regarding the tax appeal submitted by the company to the tax…
The Return Of Egypt’s Elite
Business

The Return Of Egypt’s Elite

Those who were punished under Mohammed Morsy are getting their own back.The chief executive of Egypt’s biggest construction company, Orascom…
Orascom denies settlement with government
Business

Orascom denies settlement with government

Statements by Finance Minister al-Morsy Hegazy and the Real Estate Tax Authority over negotiations with Orascom Construction Industries to end…
Orascom may pay blns to reconcile with Tax Authority
Egypt

Orascom may pay blns to reconcile with Tax Authority

  Orascom Construction Industries may have reconciled with the Tax Authority by agreeing to pay LE6 billion in back taxes,…
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