Orascom Telecom

Billionaire Naguib Sawaris converts half his fortune to gold
Business

Billionaire Naguib Sawaris converts half his fortune to gold

Egyptian tycoon Naguib Sawiris turned half of his 5.7 billion net worth into gold, reported financial newspaper Bloomberg. Sawiris admitted…
Egypt’s Orascom Telecom Q1 net profit tumbles to LE48.733 mln
Business

Egypt’s Orascom Telecom Q1 net profit tumbles to LE48.733 mln

Egypt's Orascom Telecom Media and Technology Holding said on Thursday its first quarter net profit had fallen to 48.73 million…
MIDEAST STOCKS: Egypt shares rise, Saudi edges down on petrochemicals
Business

MIDEAST STOCKS: Egypt shares rise, Saudi edges down on petrochemicals

Egypt's stock market rose broadly in early trade on Tuesday while Saudi Arabia was pulled down by petrochemical shares after…
Egypt’s OTMT approves final offer for CI Capital
Business

Egypt’s OTMT approves final offer for CI Capital

Egyptian firm Orascom Telecom and Technology has approved the final offer for the acquisition of CI Capital, a subsidiary of…
Dubai’s Aramex says in talks with Egypt’s OTMT to build logistics areas
Business

Dubai’s Aramex says in talks with Egypt’s OTMT to build logistics areas

Dubai's courier Aramex said on Thursday it was in discussions with Orascom Telecom Media and Technology to build five logistics…
North Korea 3G subscribers surge, good news for Sawiris-owned operator
Business

North Korea 3G subscribers surge, good news for Sawiris-owned operator

Subscribers to 3G services in North Korea has reached more than 2.5 million in 2015, bringing good news to the…
Stock market climbs 0.38 percent on Tuesday
Business

Stock market climbs 0.38 percent on Tuesday

The Egyptian Stock Exchange’s main index climbed just 0.38 during trading on Tuesday, gaining 20 points to hit 5,295 points…
Altimo subsidiary offers to buy Orascom Telecom
Business

Altimo subsidiary offers to buy Orascom Telecom

The Egyptian Exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent…
France Telecom buys service contract from Egyptian partner
Business

France Telecom buys service contract from Egyptian partner

France Telecom will pay Egyptian partner Orascom Telecom Media and Technology (OTMT) 110 million euros (US$142.30 million) for taking over…
Stock exchange continues decline on election anxieties
Business

Stock exchange continues decline on election anxieties

  Egypt's benchmark share index dropped 1.1 percent to a six-week low after an arson attack on the headquarters of…
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