Orascom

OCI transition to Dutch company moves forward
Business

OCI transition to Dutch company moves forward

Orascom Construction Industries announced Wednesday that a majority of its shareholders had agreed to transfer their shares to a Dutch-based…
Stock market gains US$123 million in a week
Business

Stock market gains US$123 million in a week

The stock market rose this week by US$123 million amid a weak performance as investors fear consequences of the upcoming…
Sawiris: Dealings with Palestinian officials ended years ago
Egypt

Sawiris: Dealings with Palestinian officials ended years ago

Egyptian business tycoon Naguib Sawiris has denied any financial dealings with Mohamed Rashid, adviser to the late Palestinian President Yasser…
Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares
Business

Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares

The Egyptian Stock Exchange has suspended trading of shares of mobile operator Mobinil and Orascom Telecom Media and Technology (OTMT)…
Orascom Construction Q4 net falls more than expected
Business

Orascom Construction Q4 net falls more than expected

Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt…
Orascom to do US$141m of work for Emaar Egypt unit
Business

Orascom to do US$141m of work for Emaar Egypt unit

Cairo--Orascom Construction Industries, Egypt's biggest listed builder, said on Monday it has agreed to do LE800 million worth of work…
Sawiris: Orascom may seek international arbitration to end Djezzy impasse
Business

Sawiris: Orascom may seek international arbitration to end Djezzy impasse

Egypt's Orascom Telecom may seek international arbitration to end a dispute with Algeria that is holding up its US$6.6 billion…
Foreign firms in Algeria face stringent new rules
Business

Foreign firms in Algeria face stringent new rules

The Algerian government has set stricter conditions on foreign corporations in Algeria, prompting fears of bankruptcy among some Egyptian firms…
Algeria doesn’t intend to compensate Egyptian companies, says Mehleb
Business

Algeria doesn’t intend to compensate Egyptian companies, says Mehleb

The Algerian government will not compensate Egyptian companies that were negatively affected by riots in Algeria, according to Ibrahim Mehleb,…
EGX30 up 1%
Business

EGX30 up 1%

Egypt's main index, EGX30, rose by 1 percent after intensive buying by local and Arab investors, while foreigners largely sold…
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