Real Estate Arab Contractors, Orascom to complete Suez Canal tunnels in 2yrs Yomna Yasser Feb 27, 2016 0 An alliance of state-owned Arab Contractors and the private Orascom Construction Industries (OCI) will complete…
Industry & Trade Orascom Construction’s nine-month profits fall 69% – indicators Yomna Yasser Jan 26, 2016 0 Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, recorded a 69.4 percent fall in…
EGX Orascom Construction Industries gets approval to delist from Egypt bourse Yomna Yasser Jan 17, 2016 0 The extraordinary general meeting of Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef…
EGX Sawiris’ OCI targets delisting from Cairo bourse on thin trading Yomna Yasser Dec 27, 2015 0 The board of directors of Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris,…
Industry & Trade Nassef Sawiris’ OCI turns to profitability in H1-2015 Yomna Yasser Nov 29, 2015 0 Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, posted a first half net profit…
Real Estate Orascom Construction Industries says profits soar in Q1 2015 aya salah Oct 12, 2015 0 Egypt’s Orascom Construction Industries Company (OCI) registered first quarter net profit of 784.7 million Egyptian…
Arab Orascom rises in NASDAQ Dubai Debut, seeks financing for Egypt Power Plant Yomna Yasser Mar 10, 2015 0 Shares in Orascom Construction rose around three percent on their NASDAQ Dubai market debut on Monday and the…
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…
EGX $1.75bn in IPOs planned for Egypt This Year Yomna Yasser Feb 5, 2015 0 Egyptian companies could raise as much as US$1.75 billion this year from seven IPOs as the economy begins to…
EGX OCI N.V Sells 23% Stake In Orascom Construction Industries To OCI MENA N.V Amwal Al Ghad English Feb 4, 2015 0 Egypt's Orascom Construction Industries (OCI) (OCIC) reported on Wednesday that OCI N.V. sold a 23.425% stake to…
Industry & Trade SDMO Eyes €10mn Sales in Egypt within 2015 Yomna Yasser Dec 7, 2014 0 France-based SDMO Industries, the world's 3rd largest company for power generating sets, is targeting sales of €10…
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…
EGX Egypt Stocks Gain EGP15.3bn in Week, EGX30 Surges 3.4% Yomna Yasser Nov 8, 2014 0 In a week, Egypt’s stock Exchange (EGX) gained 15.3 billion Egyptian pounds. In addition, the country’s main stock…
Industry & Trade Orascom Construction Industries, UAE’s IPIC to Develop Power Plant in Egypt Yomna Yasser Nov 5, 2014 0 Orascom Construction Industries (OCI) is planning to jointly built a coal-fired power plant in Egypt in partnership…
Industry & Trade UPDATE: Nassef Sawiris Plans ‘Huge’ Investments in Egypt after Tax Victory Yomna Yasser Nov 4, 2014 0 Following the resolution of a tax dispute with Egypt’s tax authority, Egyptian billionaire Nassef Sawiris said on…
Industry & Trade Orascom Construction Industries Terminates ADRs and GDRs Programs Yomna Yasser Nov 3, 2014 0 OCI N.V.’s Egyptian subsidiary, Orascom Construction Industries S.A.E. (OCI S.A.E.), announced Monday that it will…
Industry & Trade OCI Final Tax Dispute Ruling Delayed to November 4 Yomna Yasser Oct 28, 2014 0 The final ruling related to Orascom Construction Industries (OCI)’s ongoing tax dispute with Egypt’s Tax Authority…
Industry & Trade Egyptian Tycoon Naguib Sawiris Blames ‘Cowardly’ Minister for Tax Dispute Yomna Yasser Oct 1, 2014 0 In a television interview Monday night, Egyptian billionaire Naguib Sawiris slammed the government's handling of…
Industry & Trade Egypt Court to Rule in Sawiris Tax Dispute in October: OCI Yomna Yasser Sep 17, 2014 0 An Egyptian court will issue a final ruling on Oct. 28 that may clear Nassef Sawiris, billionaire ex-chief…
Industry & Trade Egyptian Court Ratifies Tycoon Nassef Sawiris’ 3-Year Jail Sentence Yomna Yasser Sep 15, 2014 0 An Egyptian misdemeanour court ratified Sunday a court order sentencing billionaire construction tycoon Nassef…
Industry & Trade Arab Contractors and OCI to Carry out EGP750mn Cairo Metro Works Yomna Yasser Sep 10, 2014 0 Egypt's leading construction firm, Arab Contractors (AC) will carry out suspended bridge and a tunnel in the fourth…
Industry & Trade AC-OCI: Studies on Suez Canal’s 6 Tunnels Ready Next October Yomna Yasser Aug 23, 2014 0 The Arab Contractors-Orascom Construction Industries coalition will finalise this October the planning studies of…
EGX EGX Extends Trading Suspension On OCI Pending Financials Amwal Al Ghad English Jun 17, 2014 0 The Egyptian Exchange (EGX) management has decided Tuesday to continue trading suspension on Orascom Construction…
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 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…
Real Estate OCI Incurs LE 628 M Loss In 9 Months Amwal Al Ghad English Feb 12, 2014 0 Orascom Construction Industries (OCIC) reported financial results posting a net loss of LE 628.5 m for the period…
Industry & Trade OCI: Net Loss Hits EGP628.5 Million in 9 Months Yomna Yasser Feb 11, 2014 0 The board of Orascom Construction Industries (OCI) ratified Monday the financial results for the first nine months…
Industry & Trade Egypt: OCI’s Referral to Prosecution is ‘Inevitable’ over EGP900mn Tax Arrears Yomna Yasser Jan 12, 2014 0 The decision to refer Orascom Construction Industries (OCI) - which is owned by Egyptian business tycoon…
Industry & Trade Egypt: Sawiris’ OCI Declines to Pay EGP900mn Tax Arrears Yomna Yasser Jan 9, 2014 0 Egyptian Tax Authority (ETA) has referred to the country’s public prosecution a cheque issued by Orascom…
Industry & Trade OCI Reportedly Defaults in Paying EGP900mn Tax Arrears Yomna Yasser Jan 5, 2014 0 Orascom Construction Industries (OCI), which is owned by Egyptian business tycoon Nassef Sawiris, has delayed in…
Industry & Trade OCI Names Osama Beshay Chairman, Endorses Investment Structuring Yomna Yasser Dec 29, 2013 0 The ordinary general meeting of Orascom Construction Industries (OCI) has ratified on Sunday a study conducted by…
Industry & Trade OCI Shareholders Due to Review FV Study for Subsidiaries Today Yomna Yasser Dec 29, 2013 0 Orascom Construction Industries (OCI) will be holding today an ordinary general meeting to look into endorsing a…
Industry & Trade OCI Hires Advisor to Re-Evaluate Two Subsidiaries Yomna Yasser Dec 2, 2013 0 The board of Orascom Construction Industries (OCI) decided on Sunday to appoint National Company for Financial…
EGX Egyptian Financial Regulator Plans Rules Revamp to Spur Trade Yomna Yasser Oct 29, 2013 0 Egypt's financial regulator plans measures by early next year that would allow the launch of exchange-traded funds,…
Real Estate OCI Partners LP Closes Initial Public Offering Amwal Al Ghad English Oct 10, 2013 0 OCI N.V. announced today that its subsidiary, OCI Partners LP (the “Partnership”), has closed its initial public…
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…
Real Estate OCI Partners LP prices initial public offering Amwal Al Ghad English Oct 7, 2013 0 OCI N.V. announced that its subsidiary, OCI Partners LP (the “Partnership”), has priced its initial public offering…
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 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…