Orascom Construction Industries

Market falls amid OCI travel ban, new regulations
Business

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

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

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

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

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

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

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

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

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

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…
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