Orascom
Egypt’s OCI to build coal power station on Red Sea coast
Business
November 5, 2014
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…
Doma steps down as CEO of OTMT, Sawiris takes charge
Business
October 23, 2014
Doma steps down as CEO of OTMT, Sawiris takes charge
Orascom Telecom Media and Technology Holding announced Thursday that Ahmed Abou Doma has stepped down as a member of the…
Global Telecom sells its operations in Burundi and Central African Republic
Business
October 20, 2014
Global Telecom sells its operations in Burundi and Central African Republic
Egyptian Global Telecom Holding (GTH), the company previously known as Orascom, has sold its entire 100 percent stake in Telecel…
OTMT extends Alfa contract in Lebanon for one month
Business
September 4, 2014
OTMT extends Alfa contract in Lebanon for one month
Orascom Telecom Media and Technology Holding (OTMT) announced that it has received an extension to the management contract of the…
Orascom Telecom Algeria appoints new CEO
Business
January 23, 2014
Orascom Telecom Algeria appoints new CEO
Orascom Telecom Algeria has appointed Philip Thome, head of VimpelCom’s technology sector, as CEO. Vincenzo Nesci will remain the chairman of…
The Return Of Egypt’s Elite
Business
September 4, 2013
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…
Egypt billionaire Sawiris family to invest “like never before”
Business
July 15, 2013
Egypt billionaire Sawiris family to invest “like never before”
Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his brothers will be "investing…
Orascom woes weigh market down Thursday; EGX30 drops 2 percent
Business
March 14, 2013
Orascom woes weigh market down Thursday; EGX30 drops 2 percent
A sudden drop in Orascom Construction Industries (OCI) shares on Thursday led the main EGX30 stock index to nosedive by…
Market falters for second day, loses LE5.2 billion
Business
March 5, 2013
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…
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,…