OCI

Forbes: Billionaire Sawiris’ net worth soars to $7.9 billion
Egypt

Forbes: Billionaire Sawiris’ net worth soars to $7.9 billion

Forbes updated Nassef Sawiris’ net worth to record US$7.9 billion after it witnessed a significant $1.5 billion rise over the…
OCI to spin off construction business and list in Egypt, UAE
Business

OCI to spin off construction business and list in Egypt, UAE

Amsterdam-listed OCI said on Thursday it planned to spin off its construction and engineering business and list it on stock…
Egypt’s OCI to build coal power station on Red Sea coast
Business

Egypt’s OCI to build coal power station on Red Sea coast

Egypt's Orascom Construction, a subsidiary of OCI, has announced plans to build a 2,000 to 3,000 megawatt coal-fired power plant…
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 buyout battle scars stock market
Business

Orascom buyout battle scars stock market

A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Egyptian…
Thursday’s papers: To appeal or not to appeal elections court ruling
Egypt

Thursday’s papers: To appeal or not to appeal elections court ruling

That President Mohamed Morsy may indeed appeal the cancellation of elections, though he had previously indicated that he would not,…
Tax authority to meet OCI over tax dispute worth LE14 million Sunday
Business

Tax authority to meet OCI over tax dispute worth LE14 million Sunday

Orascom Construction Industries said Wednesday that it will sit down with the Egyptian Tax Authority on 10 March to discuss…
IFC to invest, provide loan to Egypt’s OCI
Business

IFC to invest, provide loan to Egypt’s OCI

  The International Finance Corporation (IFC), the World Bank's private-sector lending arm, said on Friday it would make a $50…
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