Industry & Trade BREAKING: Orascom Construction Industries Wins Tax Battle with Egypt Authorities Yomna Yasser Nov 4, 2014 0 The ongoing tax dispute between Orascom Construction Industries (OCI S.A.E.) ends in favour of OCI Company, parent…
World OCI N.V. Begins Trading on AEX Index Yomna Yasser Mar 24, 2014 0 OCI N.V. announced today that that it will begin trading today as part of the AEX Index, the flagship index for…
Industry & Trade Egypt’s Public Prosecutor Fully Exonerates Sawiris’ OCI of Tax Evasion Claims Yomna Yasser Mar 4, 2014 0 OCI N.V. (Euronext: OCI) announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s…
EGX EGX: OCI N.V. Extends Second Period for OCI Bid until March 13 Yomna Yasser Mar 2, 2014 0 The Egyptian Exchange’s management announced on Sunday that OCI N.V. will continue the extension of the second…
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 OCI N.V. Launches Second Tender Offer Extension for Local Shares in OCI S.A.E Yomna Yasser Jan 15, 2014 0 OCI N.V. announced today the launch of the second period during which all eligible shareholders of Orascom…
EGX OCI N.V. Extends Exchange Offer for Remaining OCI GDRs Till December 3 Yomna Yasser Nov 20, 2013 0 Dutch OCI N.V. has extended on Wednesday its re-opened exchange offer to acquire all of the outstanding global…
EGX OCI N.V. Extends Re-Opened Exchange Offer for Remaining OCI GDRs Till 19 Nov. Yomna Yasser Nov 13, 2013 0 On 30 September 2013, OCI N.V. announced the re-opening of an exchange offer to acquire all of the outstanding…
EGX OCI N.V. Extends Re-Opened Exchange Offer for Remaining OCI GDRs Till 12 Nov. Yomna Yasser Nov 6, 2013 0 On 30 September 2013, OCI N.V. announced the re-opening of an exchange offer to acquire all of the outstanding…
EGX OCI N.V. Extends Re-Opened Exchange Offer for Remaining OCI GDRs Till 25 Oct. Yomna Yasser Oct 20, 2013 0 On 30 September 2013, OCI N.V. announced the re-opening of an exchange offer to acquire all of the outstanding…
EGX Egypt: Shares Open New Week Higher, Gain EGP1.4 bln Yomna Yasser Oct 13, 2013 0 Egypt's shares opened higher this week posting gains of EGP 1.46 billion backed by the non-Arab foreign net…
EGX EGX 30 Ends This Week 2.2% Up, Nears 6000 pts Yomna Yasser Oct 10, 2013 0 Egypt Shares ended this week attaining remarkable gains totaled EGP 5.7 billion bolstered by the non-Arab foreign…
Industry & Trade Egypt Billionaire Nassef Sawiris Ranked 7th Richest in Africa Yomna Yasser Oct 8, 2013 0 Egyptian billionaire Nassef Sawiris took seventh place in a list of Africa's richest people in 2013, Ventures…
EGX OCI Shareholders Offer 3 mln Shares for OCI N.V. Yomna Yasser Oct 3, 2013 0 Orascom Construction Industries (OCI S.A.E) announced on Thursday that, with regard to OCI N.V. mandatory tender…
EGX OCI N.V. Launches Extension of Its GDR Offer for OCI S.A.E. Yomna Yasser Sep 30, 2013 0 OCI N.V. announced today the re-opening of its exchange offer enabling eligible holders of all remaining Regulation…
EGX Egypt Bourse Index Falls below 5670 at Close Yomna Yasser Sep 25, 2013 0 Egypt's bourse ended lower on Wednesday incurring losses totaled EGP 82 million. The benchmark index fell below…
EGX OCI N.V. Launches Tender Offer for OCI Local Shares, GDR Offer Soon Yomna Yasser Sep 25, 2013 0 OCI N.V. announced today the launch of the first period during which all eligible shareholders of Orascom…
EGX OCI N.V. Extends Tender Offer Period for Local Shares in OCI Yomna Yasser Sep 10, 2013 0 OCI N.V. will extend to all eligible shareholders of Orascom Construction Industries (OCI S.A.E.) two periods…
EGX EGX 30 Crosses 5360 at Open Bolstered by OCI NV Deal Yomna Yasser Sep 10, 2013 0 Egypt's stocks bloomed during the opening session of Tuesday posting gains of EGP 4.4 billion bolstered by the…
EGX OCI N.V. Gets Egypt Regulatory Nod to Bid for OCI’s Remaining Shares Yomna Yasser Sep 9, 2013 0 Egypt’s financial regulator – the Egyptian Financial Supervisory Authority (EFSA) has approved a request submitted…
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 OCI N.V. Plans To Extend Share Swap Bid for OCI S.A.E.’s GDRs, ADRs Yomna Yasser Aug 29, 2013 0 Dutch OCI N.V. announced that it intends to re-open the share swap offer to holders of GDRs and American Depository…
Indices news OCI N.V. H1/2013 Net Income Dips to $56.0 mln Yomna Yasser Aug 29, 2013 0 OCI N.V. reported financial results for the first half of 2013 which reflected 75.7% ownership in Orascom…
EGX OCI N.V. Seeks Regulatory Nod to buy Orascom Construction’s Remaining Shares Yomna Yasser Aug 21, 2013 0 Egypt's financial regulator - the Egyptian Financial Supervisory Authority (EFSA) announced on Wednesday that the…
EGX Egypt Seeks to Lure OCI N.V. Listing to Offset OCI Exit Yomna Yasser Aug 13, 2013 0 Egypt’s bourse is seeking to get OCI N.V. enlisted in order to offset the removal of Orascom Construction…
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…
Indices news CI Capital Investment Banking Concludes $ 7.3 bln OCI N.V. Transaction Yomna Yasser Aug 4, 2013 0 CI Capital Investment Banking, a division of premier Egyptian investment bank CI Capital, announced today 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 MSCI, FTSE Announce Index Changes for OCI N.V. to Reflect Tender Offer Results Yomna Yasser Aug 1, 2013 0 OCI N.V. announced today that it has been classified in MSCI and FTSE indices to reflect the buyout of Orascom…
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…
Indices news Egypt Bourse Chief Confirms Orascom Construction’s EGX30 Exit Yomna Yasser Jul 30, 2013 0 Egyptian bourse head Atef Yassin has confirmed the anticipated exit of Egypt's largest-listed company, Orascom…
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 OCI N.V. Successfully Acquires 97.44% of Egypt’s Orascom Construction Yomna Yasser Jul 29, 2013 0 OCI N.V. announced on Sunday that as of the closing filings on 28 July 2013, OCI N.V. expects to own 97.44% of…
Indices news OCI N.V.: 11.6 mln shares Request Swap and 1.4 mln shares Request Cash Alternative Yomna Yasser Jul 17, 2013 0 OCI N.V. announced on Tuesday that as of the latest filings on 16 July 2013, 25.89% of Orascom Construction…
Indices news OCI’s Sorfert Algérie to Commence Commercial Production in August Yomna Yasser Jul 16, 2013 0 OCI N.V. announced that Sorfert Algérie, a 2 million metric ton capacity Greenfield nitrogen fertilizer complex…
EGX In Week of Apprehension For Anti-Morsi Protest, Egypt’s EGX30 Surges 1.3% Yomna Yasser Jun 29, 2013 0 In a week of anticipation for the anti-regime mass demonstrations next June 30, Egypt’s stock market has managed to…