Energy Egypt boosts renewable energy with $800m projects Aya El Sayed Sep 12, 2024 0 Egypt signed new renewable energy projects agreements totalling over $800 million that involve the production of…
Featured Egypt approves 150 MW wind power expansion project Aya El Sayed Aug 14, 2024 0 The Egyptian Cabinet approved on Wednesday a proposal from the consortium of Engie, Toyota, and Orascom to expand…
Money Orascom Construction buys 6.51mln treasury shares Sama Mousa Jun 6, 2023 0 Orascom Construction bought 6.51 million treasury shares for $19.5 million, accounting for three dollars per share.
Tech/AI Orascom Investment restructures companies in Brazil, Netherlands Sama Mousa May 16, 2023 0 Orascom Investment board of directors has agreed on restructuring some of its companies in Brazil and the…
Money Orascom Development records 45.2% profit increase in 2022 Sama Mousa Mar 19, 2023 0 Orascom Development Egypt (ODE) has recorded a net profit up 45.2 percent to record 1.9 billion Egyptian pounds…
Tech/AI Egypt’s monorail begins trial operation ahead of COP27 – ministry Nada Ali Oct 12, 2022 0 Egypt’s Ministry of Transport intends to start the trial operation for monorail trains from the maintenance…
Tech/AI Siemens Gamesa says commercial operations start at Egypt’s biggest wind farm Mahmoud Shaaban Dec 10, 2019 0 German-Spanish wind energy company Siemens Gamesa said on Tuesday that commercial operations had begun at Egypt’s…
Tech/AI German Siemens, Egypt’s Orascom sign deal to rebuild Iraq power plant Amwal Al Ghad English Sep 15, 2019 0 Siemens and Orascom Construction signed an agreement on Saturday with the Iraqi government to rebuild two power…
Featured Egypt’s Orascom Investment backs away from Nile Sugar acquisition Amwal Al Ghad English Jul 9, 2019 0 Orascom Investment Holding, owned by Egyptian billionaire Naguib Sawiris, said on Tuesday it will not pursue with…
Featured Egypt assigns construction works of a diplomats city in New Capital to two firms aya salah Mar 13, 2019 0 The construction works of the diplomatic city in the New Administrative Capital have been assigned to two major…
Real Estate Emaar inks 2bn Egyptian pounds contract to execute phase I of Marassi Marina Yomna Yasser Jan 11, 2018 0 Emaar Misr for Development has signed two construction contracts of two billion Egyptian pounds ($112.9 million)…
Industry & Trade Siemens Gamesa to build 262 MW turbine in Egypt’s Gulf of Suez Yomna Yasser Jan 4, 2018 0 Siemens Gamesa has secured a contract to construct a 262MW wind turbine in Egypt's Gulf of Suez in the company…
Industry & Trade Construction of Cairo metro’s fourth line infrastructure to begin in December Yomna Yasser Dec 4, 2017 0 Egypt’s Ministry of Transportation approved on Sunday a bid by Japanese-Egyptian consortium Tizi-Orascom to carry…
Real Estate Exclusive: shares of contractors’ works in Egypt new capital nada nasser Oct 18, 2017 0 Egypt’s national project to build a new administrative capital has managed to attract large number of contractors…
Real Estate Arab Contractors to complete drilling two car tunnels under Suez Canal soon Yomna Yasser Aug 21, 2017 0 Egypt’s state-run construction firm Arab Contractors says it is near to complete drilling of 700 metres under the…
Industry & Trade Chinese TBEA, Orascom win Egypt’s Walideya power plant tender Yomna Yasser Mar 23, 2017 0 China-based TBEA and the Egyptian Orascom have won the tenders for implementing transformers’ substations and civil…
World Egyptian GDRs close mostly higher at London bourse Yomna Yasser Feb 11, 2017 0 Egyptian global depository receipts (GDRs) ended mostly higher at London Stock Exchange (LSE) on Friday. GDRs of…
Industry & Trade OTMT announces withdrawal from Egypt solar feed-in tariff projects Yomna Yasser Dec 26, 2016 0 Orascom Telecom Media and Technology Holding (OTMT) announced in a bourse filling Monday its decision to withdraw…
Real Estate Arab Contractors, Orascom to compete three tunnels in Suez Canal 2018-end Yomna Yasser Sep 21, 2016 0 Egypt’s Arab Contractors (AC) and Orascom Construction expect to complete digging three tunnels under the Suez…
Industry & Trade An article curbs wind plant establishment agreement with Toyota’s alliance aya salah Jul 21, 2016 0 An alliance of Toyota, Orascom, and GD France demanded to solve the predicament concerning the establishment of…
Real Estate OCI-VINCI-Arab Contractors alliance to complete $300mn barrage in Egypt aya salah May 17, 2016 0 A joint venture comprising of French VINCI, Egyptian Arab Contractors and Orascom Construction Industries will…
Industry & Trade Orascom Construction wins $308 million Cairo metro line contracts Yomna Yasser May 9, 2016 0 Egypt's Orascom Construction has won two contracts worth €270 million ($307.75 million) for work on the third phase…
Real Estate Sawiris’ Orascom Construction incurs $334 m net loss in 2015 aya salah Apr 26, 2016 0 Orascom Construction Limited, owned by Egyptian tycoon Nassef Sawiris, reported $ 334.4 million loss according to…
Real Estate Sawiris’s Orascom to inaugurate Gouna and Fayoum hotels in 2016 aya salah Apr 18, 2016 0 Egypt-based Orascom Hotels and Development (OHD) is planning to inaugurate both Ancient Sands hotel-El Gouna and…
Tech news Egyptian mobile operator Mobinil officially rebranded to Orange Yomna Yasser Mar 8, 2016 0 Orange (NYSE: FTE) has officially launched as a brand in Egypt Tuesday, becoming the French giant's largest market…
Banks Billionaire Naguib Sawiris’ investment banking foray bets on Egypt revival Yomna Yasser Mar 7, 2016 0 Egyptian billionaire Naguib Sawiris is expecting his acquisition of two investment banks to pay off with the…
Real Estate Sawiris plans new housing project in Senegal aya salah Feb 20, 2016 0 Samih Sawiris, Chairman of Orascom Development Holding (ODH), is to meet with Macky Sall, Senegal's president, next…
Real Estate Renaissance Dam puts brakes on Orascom’s investments in Ethiopia aya salah Feb 20, 2016 0 Samih Sawiris, Chairman of Orascom Development Holding (ODH), said the company’s $300 million investments in…
Banks Sawiris’ OTMT approves final offer for CI Capital Yomna Yasser Feb 11, 2016 0 Egyptian firm Orascom Telecom and Technology, which is owned by business tycoon Naguib Sawiris, has approved the…
Tech news Egyptian tycoon Naguib Sawiris stumbles in North Korea Yomna Yasser Jan 2, 2016 0 Times have changed since 2011, when Egypt-based Orascom Executive Chairman Naguib Sawiris, was photographed with…
Egypt News Tycoon Sawiris dominates Egyptian bourse in 2015 Noha Gad Dec 31, 2015 0 Egyptian billionaire Naguib Sawiris dominated Egypt's bourse in 2015, with the key acquisition in the financial…
Tech news North Korea says to take Sawiris’ Orascom affiliate Yomna Yasser Nov 21, 2015 0 Turns out it is really hard for foreign investors to make money in North Korea. Who could have guessed? Well,…
Industry & Trade Top firms in race for 200MW Egypt solar plant Yomna Yasser Oct 6, 2015 0 A total of 44 companies are in the race to prequalify for a 200MW solar power plant project in Egypt which will be…
Industry & Trade Dubai’s Aramex, Orascom in talks to build logistics areas in Egypt Yomna Yasser Sep 10, 2015 0 Dubai's courier Aramex said Thursday it was in discussions with the Egyptian Orascom Telecom Media and Technology…
Real Estate Egypt’s Orascom Construction Industries says back in profit in 2014 aya salah Aug 16, 2015 0 Egypt's Orascom Construction Industries said it made a net profit in 2014 of 4.6 billion Egyptian pounds…
Industry & Trade Orascom TMT: Waste-to-Energy can save Egypt US$500 million annually aya salah May 25, 2015 0 Generating electricity from recycling agricultural and environmental wastes can save up to US$500 million dedicated…
Egypt News Arab Contractors, Orascom to establish new Plant in West Suez aya salah Apr 6, 2015 0 Egypt’s Arab Contractors (AC) in cooperation with Orascom Construction (OC) will establish a new plant in west of…
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…
Industry & Trade Naguib Sawiris’ Latest Large Project is worth €220 million in Cyprus Yomna Yasser Jan 26, 2015 0 Egyptian business tycoon Naguib Sawiris will invest around €220 million in the construction of the marina in…
Industry & Trade OTMT wins Three Renewable Power Stations in Upper Egypt Administrator Jan 21, 2015 0 Egypt’s Orascom Telecom Media and Technology Holding (OTMT) has been awarded three contracts to build three…