Orascom Construction Industries
Market falls amid OCI travel ban, new regulations
Business
March 4, 2013
Market falls amid OCI travel ban, new regulations
The main index of the Egyptian stock market fell by a whopping 2.30 percentage points on Monday, the biggest losses…
Orascom: Disputed taxes LE4.7 billion, no travel ban for Sawiris
Egypt
March 4, 2013
Orascom: Disputed taxes LE4.7 billion, no travel ban for Sawiris
Orascom Constructions Industries said on Monday that the amount of taxes in dispute over the sale of Orascom Cement to…
Egypt bans OCI founder, chairperson from travel
Business
March 3, 2013
Egypt bans OCI founder, chairperson from travel
The prosecutor general’s office placed a travel ban on the founder of Orascom Constructions Industries Onsi Sawiris and his son,…
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…
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
Business
January 20, 2013
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
Orascom and a group of American investors, among them Microsoft giant Bill Gates, have set into motion a transaction set…
Update: OCI halts fertilizer plants after gas supply cut
Business
November 6, 2012
Update: OCI halts fertilizer plants after gas supply cut
Egyptian group Orascom Construction Industries has stopped production at three fertilizer lines after the state gas company cut off supplies…
In going after corruption, Morsy breeds market anxiety
Business
October 31, 2012
In going after corruption, Morsy breeds market anxiety
It began with a remark in a speech by President Mohamed Morsy at a celebration commemorating the October War. In…
Egypt’s OCI gets $100 mn loan from World Bank
Business
June 7, 2012
Egypt’s OCI gets $100 mn loan from World Bank
Egypt's Orascom Construction Industries (OCI) has secured a $100 million loan from the World Bank's investment arm to help it…
Egypt’s OCI seen posting 33% rise in profit
Business
September 4, 2011
Egypt’s OCI seen posting 33% rise in profit
Orascom Construction Industries, Egypt's biggest listed company, is expected to post a 33 percent increase in second-quarter net profit, according…
Egypt’s largest builders form JV for nuclear power projects
Business
January 16, 2011
Egypt’s largest builders form JV for nuclear power projects
Orascom Construction Industries, Egypt's biggest listed builder, said on Sunday it had formed a joint venture with state-owned Arab Contractors…