Onsi Sawiris

Sawiris family head, billionaire Onsi, dies at age 91
Egypt

Sawiris family head, billionaire Onsi, dies at age 91

The Head of the Coptic General Authority (CGA) Sherif Doss announced on his Facebook page the death of business tycoon…
Egyptian billionaire Samih Sawiris acquires Thomas Cook Germany
Egypt

Egyptian billionaire Samih Sawiris acquires Thomas Cook Germany

Egyptian billionaire Samih Sawiris has acquired the German subsidiary of the global tour operator and travel company Thomas Cook through…
Orascom denies settlement with government
Business

Orascom denies settlement with government

Statements by Finance Minister al-Morsy Hegazy and the Real Estate Tax Authority over negotiations with Orascom Construction Industries to end…
Orascom may pay blns to reconcile with Tax Authority
Egypt

Orascom may pay blns to reconcile with Tax Authority

  Orascom Construction Industries may have reconciled with the Tax Authority by agreeing to pay LE6 billion in back taxes,…
Market falters for second day, loses LE5.2 billion
Business

Market falters for second day, loses LE5.2 billion

The main index of the Egyptian stock market fell 2.49 percent Tuesday, the second consecutive day of heavy losses for…
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,…
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