Sawiris conglomerate: From small Upper Egypt business to world’s billionaires lists
A father and his three sons have made their way to being listed among the ten richest men in both Egypt and Africa.…
Browsing Tag
Orascom Telecom Holding
Global Telecom Names Jeffrey Hedberg CEO of Mobilink in Pakistan
Global Telecom Holding – GTH (Previously Orascom Telecom Holding S.A.E.) announces Friday that Jeffrey Hedberg has…
Naguib Sawiris Eyes Gold Explorations in Egypt
The Egyptian tycoon and founder of Orascom Group, Naguib Sawiris, is planning to inject huge investments in gold…
Global Telecom Oks $350 mln Loans to Bangalink, Mobilink
Cairo-based Global Telecom Holding (GTH) (GTHE.CA on EGX) (Previously Orascom Telecom Holding S.A.E.) announced on…
Egypt’s Global Telecom Posts Net Loss Of $749 Million In Q4 2013
Egypt-based international telecoms firm Global Telecom Holding (GTH) (GTHE.CA), formerly Orascom Telecom Holding,…
Global Telecom Names Hassan Helmy as Group’s CFO
Global Telecom Holding (GTH) (GTHE.CA) (Previously Orascom Telecom Holding S.A.E.) announced appointing Hassan…
Global Telecom’s Djezzy Receives Final Approval for 3G License
Algerian telecoms watchdog the Autorite de Regulation de la Poste et des Telecoms (ARPT) has published the 3G…
Sawiris Tells Canada He’s Not Spy; Re-Directs Investment to Egypt
Spurned by Canada's federal government that last week branded his interest in the country's telecoms sector a…
Egypt Shares Gain EGP9.4 bln in Week on Interest Rate Cut
In a week, Egypt bourse has managed to gain EGP 9.4 billion backed by the Egyptian central bank’s decision to cut…
Grenada Says Egyptian Tycoon Sawiris Planning Major Hotel Investments
Grenada's state-run news agency says an Egyptian telecom mogul and politician is investing millions in the…
Orascom Telecom Holding Renamed to Global Telecom Holding
Orascom Telecom Holding (ORTE.CA) is pleased to announce that it has changed its name to "Global Telecom Holding…
Changing Orascom Telecom’s Name to ‘Global Telecom’ Delayed to 23 Sept
The Egyptian Exchange announced that its Listing Committee held today 17/09/2013 has decided to postpone to…
EGX-Listed Firms: OTMT Tops Traded Volume of 119 Mln Securities in Week
Amid last week trading, Orascom Telecom Media & Technology Holding (OTMT.CA) has managed to become on the top…
EGX-Listed Firms Weekly: OTMT Tops Traded Volume of 102 Mln Securities
Amid last week trading, Orascom Telecom Media & Technology Holding (OTMT.CA) has managed to become on the top…
EGX-Listed Firms Weekly: OTMT Tops Traded Volume Of 115 Mln Securities
Amid last week trading, Orascom Telecom Media & Technology Holding (OTMT.CA) has managed to become on the top…
Orascom Telecom Incurs $28 mln Loss During Q2/13
Orascom Telecom Holding S.A.E. (‘OTH’, or ‘the Group’) (ORTE.CA), a leading provider of mobile telecommunications…
Egypt’s Orascom Telecom Renews Zimbabwean Mobile License for $137.5 mln
Orascom Telecom Holding S.A.E. ("OTH" or "the Company") (ORTE.CA) is pleased to announce that its indirectly held…
EGX-Listed Firms Weekly: OTMT Tops Traded Volume Of 105 Mln Securities
Amid last week trading, Orascom Telecom Media & Technology Holding (OTMT.CA) has managed to become on the top…
EGX-Listed Firms Weekly: OTMT Tops Traded Volume Of 60.9 Mln Securities
Amid last week trading, Orascom Telecom Media & Technology Holding (OTMT.CA) has managed to become on the top…
EGX-Listed Firms Weekly: OTMT Tops Traded Volume Of 72.8 Mln Securities
Amid last week trading, Orascom Telecom Media & Technology Holding (OTMT.CA) has managed to become on the top…
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…
EFG-Hermes Named ‘Best Investment Bank In Egypt’ By Euromoney
EFG-Hermes maintains its position as Egypt's premier investment bank with another year of resilient performance…
Oracom Telecom Unveils Ongoing Talks Over License Renewal In Zimbabwe
Orascom Telecom Holding (ORTE.CA) announced that the company is conducting talks over terms and conditions of…
Egypt’s Benchmark Sheds 1.29%, Ends Monday Below 5310 Pts
Egypt bourse has ended sessions of Monday encountering losses of EGP 2.7 billion driven by the local and Arab…
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…
Egypt’s Main Gauge Opens Above 5370 Pts
Egypt’s bourse has opened sessions of Tuesday posting early gains of EGP 1.8 billion backed by local buyers.…
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…
Egypt’s Orascom Says Not Party In VimpelCom-Algeria Talks Over Djezzy
Orascom Telecom Holding (ORTE.CA) announced that it didn’t informed about stoppage of negotiations between Russian…
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…
Vimpelcom Plans To Delist Orascom Stock
Emerging markets telecoms group Vimpelcom wants to delist Cairo-based subsidiary Orascom Telecom Holding (OTH) from…
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…
Orascom Telecom Q1/13 net loss Hit $204 Mln
Egyptian mobile phone operator Orascom Telecom Holding (ORTE.CA) said on Wednesday it made a net loss before…