Featured Egyptian billionaire Nassef Sawiris’ wealth grows $1.5 bln – Forbes Amwal Al Ghad English Jul 22, 2019 0 Egyptian business tycoon Nassef Sawiris’ wealth grew by around $1.5 billion or 25 billion Egyptian pounds, Forbes…
Industry & Trade INTERVIEW: Orascom Construction sees power, transport as growth areas Yomna Yasser Nov 24, 2015 0 Orascom Construction Ltd (OC), spun off from OCI NV in March, is banking on Egypt's need to expand power generation…
Industry & Trade Egypt’s wealthiest man Sawiris becomes largest investor in Adidas Yomna Yasser Nov 1, 2015 0 Egyptian business tycoon Nassef Sawiris has raised his stake in international sporting goods maker Adidas to 6…
Industry & Trade CF Industries Said Near OCI Deal to Create Yara Fertilizer Rival Noha Gad Aug 6, 2015 0 CF Industries Holdings Inc., the largest U.S. producer of nitrogen-based fertilizer, is nearing an agreement to…
EGX Orascom Construction offers 11% of Shares in $185 mln IPO Yomna Yasser Mar 4, 2015 0 Orascom Construction plans to offer 11 percent of its shares on the Cairo bourse to raise 1.41 billion Egyptian…
EGX OCI to list Construction Unit in Egypt, Dubai after Split Yomna Yasser Feb 16, 2015 0 OCI NV, a Dutch fertilizers producer and construction company, said it will split next month and list shares of its…
Industry & Trade Orders Fall at OCI’s Construction Arm as Readies Listing Yomna Yasser Nov 15, 2014 0 The construction arm of Egypt's OCI NV posted a 15 percent drop in new orders in the third quarter from the three…
Industry & Trade Nassef Sawiris: Egypt Economy Needs EGP200bn Annual Investments Yomna Yasser Nov 9, 2014 0 Egypt needs to allure investments worth 200 billion Egyptian pounds (around $28 billion) per year to revive its…
Industry & Trade Glimpse of Egypt Stability Enough for Some Investors to Resume Deals Yomna Yasser Sep 11, 2014 0 From small business to billionaires, a vanguard of Egypt’s entrepreneurs is starting to bet that the economy has…
EGX Billionaire Sawiris Targets Egypt Return with Construction IPO Yomna Yasser Aug 28, 2014 0 Egyptian Billionaire Nassef Sawiris plans to return a part of his business to Egypt amid growing demand for…
Industry & Trade OCI’s Egypt Unit appeals Tax Rulling, Sawiris says Yomna Yasser Jul 2, 2014 0 Egypt's Orascom Construction Industries S.A.E. (OCI) (OCIC) has appealed a preliminary court ruling in a case filed…
EGX Egypt’s Nassef Sawiris Said Weighing IPO of Construction Business Yomna Yasser May 25, 2014 0 Egyptian billionaire Nassef Sawiris is considering taking part of his construction business public in Cairo,…
Industry & Trade Egyptian Tax Dispute with Orascom Remains Ongoing Yomna Yasser Apr 8, 2014 0 Egypt’s Tax Authority (ETA) has not dropped its case against Orascom Construction Industries regarding the latter's…
Industry & Trade Orascom Construction Suspends Tax Payment to Egypt Yomna Yasser Jan 15, 2014 0 Orascom Construction Industries S.A.E. has suspended payment of a Dec. 31 installment of a 7.1 billion Egyptian…
Indices news Hermes Starts OCV N.V. Fair Value with $ 38/Share, Maintains Neutral Yomna Yasser Aug 31, 2013 0 EFG-Hermes stated, in a recent study, that it dropped coverage on Orascom Construciton Indusries (OCI S.A.E.)…
EGX EGX 30 Solely Falls, Hits 5386 pts at Opening Yomna Yasser Aug 22, 2013 0 Egypt’s stock market has opened higher on Thursday posting early gains of EGP 1.7 billion. However, the benchmark…
Indices news Orascom Construction Incurs EGP6.2 Loss in 2012 Rattled by EGP7 bln Tax Row Yomna Yasser Aug 7, 2013 0 Orascom Construction Industries S.A.E. (OCI S.A.E.) (OCIC.CA) reported consolidated financial results posting a net…
EGX Egypt Stocks Continue Rally, EGX 30 Crosses 5615 pts – Closing Yomna Yasser Aug 5, 2013 0 Egypt’s stocks ended Monday higher posting gains of EGP 2.5 billion backed by the local and Arab net buyers. The…
EGX Egypt’s EGX 30 Climbs 1.6%, Crosses 5610 pts – Midday Yomna Yasser Aug 5, 2013 0 Egypt's stock market rallied for the second day during this week posting midday gains of EGP 2.5 billion on…
Indices news OCI N.V. Announces Completion of Tender Offer for Orascom Construction Yomna Yasser Aug 4, 2013 0 OCI N.V. announced today that as per the closing filings received on 28 July 2013, the Company has completed the…
EGX Egypt Main Gauge End This Week Above 5375 pts Yomna Yasser Aug 1, 2013 0 Egypt’s stock market extend its rally on Thursday ending this week’s sessions posting gains of EGP 1.5 billion. The…
EGX Egypt’s EGX 30 Crosses 5355 pts at Midday Yomna Yasser Aug 1, 2013 0 Egypt's stock market rallied during the midday session of Thursday posting gains of EGP one billion. The…
Indices news OCI NV Buys 31.31% Of Orascom Construction For EGP 4 Bln Yomna Yasser Jul 31, 2013 0 OCI NV, the Dutch-listed parent of Egypt’s Orascom Construction Industries (OCIC.CA), has bought 31.31%, or…
EGX Egypt Stocks Lose EGP761 mln, EGX 70 Solely Up – Opening Yomna Yasser Jul 31, 2013 0 Egypt's stock market has opened Wednesday’s session lower incurring losses of EGP 761 million driven by early…
EGX Egypt Stocks Gain EGP1.5 bln, EGX30 Crosses 5325 pts – Closing Yomna Yasser Jul 30, 2013 0 Egypt’s stock market has ended Tuesday higher posting gains of EGP 1.5 billion backed by local net buyers. The…
EGX Local, Arab Buyers Back EGX 30 to Hit 5313 pts – Midday Yomna Yasser Jul 30, 2013 0 Egypt's stock market has posted midday gains of EGP 152 million backed by local and Arab buyers on Tuesday.…
EGX Following OCI’s Exclusion, Egypt Benchmark Falls below 5287 pts at Closing Yomna Yasser Jul 29, 2013 0 Egypt’s stock market has ended Monday lower incurring losses of EGP one billion following the exclusion of Orascom…
EGX Egypt Finalizes Periodic Review of Indices, OCI Removed From Benchmark Yomna Yasser Jul 29, 2013 0 The Egyptian Exchange (EGX)’s management has ratified the amendments that were endorsed by the Indices Committee…
EGX Beltone Removes OCI from BAM30 Index, Adds Oriental Weavers Instead Yomna Yasser Jul 29, 2013 0 Beltone Financial announced that it will revise its BAM30 index today to reflect the changes that took place due to…
EGX As OCI Set to Delist in Egypt, EGX30 Falls below 5290Pts at Midday Yomna Yasser Jul 29, 2013 0 Egyptian stock market has encountered midday losses of EGP 795 million driven by local and Arab sellers on Monday.…
Indices news Orascom Construction Seeks $25 mln More Tax Credits for Iowa Fertilizer Project Yomna Yasser Jul 22, 2013 0 Orascom Construction Industries (OCIC.CA) said on Thursday it seeks $25 million more in tax credits for its $1.8…
Indices news OCI Parent Increases Ownership in Egypt’s Orascom Construction Yomna Yasser Jul 17, 2013 0 The Dutch-listed parent company of Egypt's Orascom Construction Industries (OCI) (OCIC) said on Tuesday a quarter…
EGX Egypt Bourse Struggles Under Heavy Hand Of Government Yomna Yasser Apr 24, 2013 0 Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of…
EGX Orascom Buyout Battle Scars Egypt Stock Mkt Yomna Yasser Mar 14, 2013 0 A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries (OCIC.CA) may inflict…
EGX EGX Surges 1.11%, Opens Above 5320Pts Backed By OCI Upcoming Meeting Yomna Yasser Mar 7, 2013 0 The Egyptian Exchange has opened Thursday posting significant gains of EGP 2.46 billion backed by foreign buyers…
EGX EGX 30 Ends Above 5260 Pts, EFG-Hermes Climbs 0.97% Amid CEO’s Remarks Yomna Yasser Mar 6, 2013 0 The Egyptian Exchange (EGX) has pared its midday gains to eventually reach EGP 993 million during Wednesday’s…
EGX Egypt Sets Limits On Share Transfers Of Local Stocks Yomna Yasser Mar 5, 2013 0 Egypt has set limits on the amount of shares local companies can transfer into internationally-traded global…
Indices news The Sawiris Travel Ban; Latest Blow To Business Confidence in Egypt Yomna Yasser Mar 5, 2013 0 Egypt's bourse suffered its biggest one-day loss in three months on Monday after the chief executive of its largest…
EGX After Entire Red Week, EGX 30 Falls 2.4% Amid Tax Concerns Yomna Yasser Mar 2, 2013 0 In a week, the Egyptian Exchange has incurred losses of EGP 6.74 billion driven by the investors’ concerns over…
EGX OCI Share Deal Faces Delays As Egypt Queries Plan Yomna Yasser Feb 21, 2013 0 A deal that would see Bill Gates and other U.S. investors inject $1 billion in fertilizer and construction firm OCI…