Egypt’s Global Telecom Holding Q3 profits narrow to $7 million
Egypt’s Global Telecom Holding Company (GTH), previously Orascom Telecom Holding, reported Thursday a drop in its…
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Orascom telecom
Egypt-based Global Telecom reports Q2 net profit of $26.5 mln
Global Telecom, the Egypt-based group formerly known as Orascom Telecom, registered a net profit of $26.5 million…
Alfa, Ericsson to deploy 4G LTE-A networks across Lebanon
Lebanon’s Alfa, the mobile network managed by Orascom Telecom, has signed an agreement with Ericsson to…
Egypt’s CIB, Beltone drop plans for CI Capital sale deal: sources
Egypt's Commercial International Bank (CIB) has dropped plans to sell its investment bank CI Capital to Beltone…
Egyptian stocks tumble 0.3% on local sell-off
Egypt’s bourse gave up early small gains on Tuesday, as main index slid 0.32 percent, to 7621.91 points on local…
CIB-Egypt approves extension for Beltone Financial’s offer for CI Capital
Egypt's Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to…
Sawiris’ Orascom Telecom 2015 net loss of 3.6 bln Egyptian pounds
Egypt's Orascom Telecom Media and Technology, which is owned by Egyptian businessman Naguib Sawiris, reported a net…
Sawiris, Kanoo, IFC ink deal to acquire shares of AXA Investment Egypt
The Egyptian branch of the French company AXA Investment signed Monday a preliminary agreement with two companies…
CIB approves Egyptian billionaire Sawiris’s bid to buy CI Capital
Egypt's largest listed lender Commercial International Bank accepted an offer by Orascom Telecom, owned by Egyptian…
Sawiris’ Orascom, German REC to build $85 million solar park in Aswan
Egypt’s Orascom Telecom (OTMT), owned by the country’s business tycoon Naguib Sawiris, has signed Monday a…
Sawiris’ OTMT committed to confront all obstacles to acquire CI Capital
Orascom Telecom (OTMT), owned by Egyptian billionaire Naguib Sawiris, is committed to confronting all obstacles…
Beltone acquisition of CI Capital pending until court case resolved: market watchdog
The head of Egypt's market regulatory body said Wednesday that Beltone Financial's acquisition of CI Capital would…
Sawiris’ CI Capital acquisition to go ahead: sources
A deal led by Egyptian billionaire Naguib Sawiris's Orascom Telecom to acquire CI Capital, the investment arm of…
Sawiris says CI Capital acquisition stalled by national security
Egyptian business tycoon Naguib Sawiris said Sunday his bid to acquire CI Capital, the investment arm of Egypt's…
CIB signs CI Capital share price agreement with Sawiris’s OTMT subsidiary
Egypt's largest private-sector bank Commercial International Bank (CIB) announced Sunday it had signed a share…
National Bank of Egypt subsidiary says quits bid to buy CI Capital
National Bank of Egypt's investment banking arm, Al Ahly Capital (ACH) decides to drop its bid to buy CIB…
Orascom TMT says North Korea sanctions impact control of Koryolink
Egypt's Orascom Telecom said Sunday sanctions against North Korea had affected its ability to control its…
Egypt’s Global Telecom posts Q3 2015 net profit of $13 million
Global Telecom, the Egypt-based group formerly known as Orascom Telecom, reported Friday a $13 million net profit…
Orascom Telecom, ACT Financial submit offer to acquire Beltone Financial
The board of Orascom Telecom Media and Technology has approved an offer to acquire, together with investment bank…
Orascom licenced to build Aswan’s $100mn solar plant
Egypt-based O Capital for Energy, a fully owned by Orascom Telecom, Media & Technology, has obtained a licence…
Orascom’s O Capital, Norway’s REC to start solar projects in Egypt
Egypt’s O Capital for Energy enters an alliance with Norway-based REC Group to carry out solar energy projects in…
Orascom Telecom Q2 net profit slightly up
Egypt's Orascom Telecom Media and Technology Holding - OTMT reported second-quarter net profit of 353.95 million…
Egypt Market threatened with Deletion from MSCI Index
Morgan Stanley Commercial Index threatened the Egyptian Stock Exchange (EGX) with deletion from its emerging…
Global Telecom to sell Djezzy Majority Stake for $2.6 billion
Egypt's Global Telecom (GTH) will sell a 51 percent stake in Djezzy for $2.6 billion while keeping operational…
Egypt Tycoon Naguib Sawiris May Sell Remaining Stake in Mobinil
Egyptian billionaire Naguib Sawiris has confirmed rumours that he plans to sell his minority stake in Egypt’s…
Sawiris Aims Further Investments after EFG-Hermes Failure
Just days after his joint bid for a stake in Egypt's biggest investment bank EFG-Hermes was rejected, Egyptian…
Repression, Poor Laws Deter Investment in Egypt -Tycoon Samih Sawiris
Egypt's billionaire construction tycoon Samih Sawiris said he has no plans for new investments in his country while…
Sawiris’s Bid for Stake in EFG-Hermes Signals Revival of Egyptian Economy
The board of EFG Hermes said it was discussing the tender offer by a consortium led by Naguib Sawiris, the Egyptian…
Egypt’s Global Telecom Books in Cost of Algerian Settlement
Egypt's Global Telecom has restated its results for last year, increasing its net loss to 20 billion Egyptian…
Global Telecom Mulls Options to Divest Canada’s Wind Mobile
Global Telecom Holding (GTHE.CA), the Egypt-based group formerly called Orascom Telecom, said it is studying…
Global Telecom Q1 Profits Hit $43 mln, CEO to Step Down
International telecoms firm Global Telecom Holding (GTHE.CA), the Egypt-based group formerly called Orascom…
EFG-Hermes Appoints Finance Industry Veteran as New CFO
Khalid Ellaicy brings more than 27 years of regional industry experience to his new post as Chief Financial Officer…
Tycoon Sawiris to Invest in Egypt, Fears Economic Collapse
Egyptian tycoon Naguib Sawiris, whose family controls the Orascom corporate empire, said he would invest $1 billion…
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…
Egyptian Tycoon Shorts Former Italian Telecommunications Monopoly
Egyptian telecoms tycoon Naguib Sawiris increased his short position in Telecom Italia after Spain's Telefónica…
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…
Orascom Telecom denies ending Djezzy’s dispute in 2014
Orascom Telecom (ORTE) denied media reports about ending Djezzy’s, its unit in Algeria, in the second half of 2014.…
EFG-Hermes to Showcase Investments in 21 Local Firms to 90 Global Entities
EFG-Hermes Holding (HRHO.CA), a leading investment bank in the MENA region, will organize its third annual…
Orascom Telecom Wins 3G License for $105 mln in Bangladesh
Orascom Telecom Holding (ORTE.CA) announced on Monday that its Bangladesh-based affiliate Banglalink was among the…
Vimpelcom Sells Africa Assets, Eyes Pakistan Telco Warid; Sources
Telecoms group Vimpelcom (VIP.N) has agreed to sell two of its sub-Saharan assets for about $100 million and is…