Political Instability Woes Drag Egypt’s Benchmark 7% Lower In Week
In a week that witnessed mostly red performance, Egypt bourse has lost EGP 18.9 billion driven by growing…
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Altimo
Egypt’s Main Index Falls Below 5340 Pts, EGX70 Solely Up – Midday
Egypt’s bourse incurred losses of EGP 1.25 billion driven by the foreign selling pressures during the midday…
Russia’s Altimo Says Has No Plan For New Orascom Telecom Offer
Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in…
Egypt Bourse Opens OPR Market To Withdraw Orascom Telecom Sell Orders
The Egyptian Exchange (EGX) has opened the OPR market to allow the withdrawal of sell orders placed on shares of…
Egypt’s Regulator Turns Down Cypriot Bid For 16% Of Orascom Telecom Shares
Egypt's financial regulator announced on Sunday its rejection of a tender offer submitted by Cyprus-based…
Egypt’s Main Index Nears 5408 Pts – Closing
Egypt bourse has ended the sessions on Tuesday posting gains of EGP 2.8 billion powered by the non-Arab foreign…
Russia’s Fridman Faces Africa Setback After Bid For Egypt Orascom Failed
Russian billionaire Mikhail Fridman suffered a second setback this year for an effort to expand his…
Altimo Subsidiary Fails In Bid For Orascom Telecom-Traders
An offer by a subsidiary of Russia's Altimo to buy out minority shareholders in Egypt's Orascom Telecom (ORTE.CA)…
Amid Mostly Red Performance, Egypt’s Benchmark Falls 1.56% In Week
In a week that witnessed mostly red performance, Egypt bourse has incurred losses of around EGP 4 billion. The…
Orascom Telecom Closer To Delisting After Stock Tender-Sources
Egypt's Orascom Telecom (OTH) (ORTE.CA) is closer to being delisted, sources said on Friday, after holders of…
Vimpelcom Plans To Delist Orascom Stock-Sources
Emerging markets telecoms group Vimpelcom wants to delist Cairo-based subsidiary Orascom Telecom Holding (OTH)…
Egypt Bourse Benchmark Rises 0.4% In Week
In a week, Egypt bourse has managed to gain EGP 630 million as the capital market reached EGP 364.841 billion on…
Egypt’s Orascom Telecom Shares Rise On Hopes Of Better Buyout Offer
Egypt's Orascom Telecom (OT) (ORTE) helped lift Cairo's bourse the Egyptian Exchange on Wednesday after the…
Egypt’s Orascom Telecom Says Turns Down Altimo’s Offer
Egyptian group Orascom Telecom Holding's management has recommended shareholders reject an offer by a subsidiary of…
Orascom Telecom Appoints Hc Financial Advisor For Baskindale’s Bid
Orascom Telecom Holding – OTH (ORTE.CA) BOD appointed HC Securities as independent financial advisor to evaluate…
Egypt Acquisition Tax Repeal Seen Before Orascom Telecom Deal
A law that will cancel a 10 percent acquisitions tax in Egypt will be announced before Altimo’s purchase of…
EGX 30 Ends Below 5300 Pts, Orascom Telecom Climbs 2.20%
During Tuesday closing, the Egyptian Exchange (EGX) has turned its midday gains into losses of EGP 63 million…
EGX Indices Mixed, Benchmark Crosses 5300 Pts; Midday
During Tuesday’s midday, the Egyptian Exchange (EGX) has posted humble gains of EGP 38 million. The capital market…
Russia’s Altimo Confirms Offer For Sawiris’ Orascom
Russian billionaire Mikhail Fridman's Altimo on Tuesday confirmed that a subsidiary has offered to buy 100 percent…
Egypt’s FSA Approves Cypriot Tender Offer To Buy Orascom Telecom
On Tuesday, Egypt’s financial regulator has approved the Cypriot tender offer to buy up to 100% of Orascom Telecom…
Egypt’s FSA Still Studying Cypriot Bid For Orascom Telecom
Egypt’s Financial Supervisory Authority (EFSA) stated that it is still studying the tender offer submitted by…
Egypt’s FSA Studies Cypriot Bid For Orascom Telecom; Chief Says
Egypt’s Financial Supervisory Authority chief Ashraf El-Sharkawy has announced that the FSA is currently studying…
EFG-Hermes Suspends Its Coverage Of Orascom Telecom
EFG-Hermes Research announced that it suspended coverage of Orascom Telecom Holding (OTH))(ORTE). Hermes added that…
Orascom Telecom Bid Fails To Buoy Disillusioned Egypt Market
A buyout offer for Orascom Telecom Holding (ORTE.CA), Egypt's second-largest listed company, failed to buoy a…
EGX 30 Sinks 1.63%, Ends Below 5100 Pts On Orascom Telecom’s Takeover Offer
The Egyptian Exchange (EGX) has ended Sunday’s trading incurring more losses of EGP 3.85 billion driven by non-Arab…
Weather Investments II Exits VimpelCom, Settles Its Debt
Weather Investments II (“Weather”), an investment firm led by entrepreneur Naguib Sawiris, announced Thursday that…
Telenor to Lift Stake in Vimpelcom in Options Deal
Telecoms firm Telenor will purchase another 3.5 percent of Vimpelcom after Egyptian tycoon Naguib Sawiris' Weather…