Orascom
OCI transition to Dutch company moves forward
Business
February 13, 2013
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
January 23, 2013
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
July 31, 2012
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
April 19, 2012
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
March 27, 2012
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
January 24, 2011
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
November 9, 2010
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
September 7, 2010
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
July 15, 2010
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
June 17, 2010
EGX30 up 1%
Egypt's main index, EGX30, rose by 1 percent after intensive buying by local and Arab investors, while foreigners largely sold…