Egypt’s Oriental Weavers signs deal to power one of its plants with clean energy
Egypt's Oriental Weavers Company signed an agreement with Amarenco Solaris, a leading company in solar energy…
Browsing Tag
Oriental Weavers
Egypt’s Oriental Weavers profits drop in 9 months
Egypt’s Oriental Weavers for carpets, rugs, and related raw material products reported a drop in its profits for…
Egypt’s Oriental Weavers sells stake in NBK Egypt
Egypt's Oriental Weavers Group (OW) sold its 0.70 percent equity in the National Bank of Kuwait - Egypt (NBK…
Egypt’s Oriental Weavers to make full exit from China
Egypt’s Oriental Weavers, the world's largest manufacturer of machine-made carpets, has agreed on Wednesday to make…
Oriental Weavers subsidiary agrees with 9 local, Arab firms to invest in SCZone
Oriental Industrial Development, a subsidiary of Oriental Weavers Group, said that it has signed agreements with…
Yasmine Khamis named Chairman of Oriental Weavers Carpet
The board of directors of Oriental Weavers Carpet has agreed on the appointment of Yasmine Mohamed Farid Khamis as…
OUD markets phase I of J’noub in Egypt new capital
Egypt's property developer Orientals for Urban Development (OUD), an affiliate to Oriental Weavers, says it has…
Orientals for Urban Development launches Azadir in New Cairo
Egypt’s property developer firm Orientals for Urban Development (OUD), an affiliate of Oriental Weavers, has…
Egyptian carpet giant Oriental Weavers sets 5-year expansion plan worth $83 mln
Egyptian carpet maker Oriental Weavers Company is preparing for a five-year expansion scheme to boost production…
Egyptian carpet maker Oriental Weavers H1 profits fall 1.7%
Egyptian carpet maker Oriental Weavers Company reported a 1.7 percent fall in first half net profits. Profits in…
Oriental Weavers to issue dividend of 0.5 Egyptian pounds/share
Egypt's Oriental Weavers, the world's biggest machine-woven carpet maker, will pay a dividend of 0.5 Egyptian…
Investors’ Associations Union to hold conference on enhancing Egypt’s…
Egyptian Union for Investors' Associations is set to organise a conference to enhance domestic investment at the…
Oriental Weavers rejects reconciliation with Egypt antitrust watchdog
Egypt’s leading carpet maker Oriental Weavers Company announced Monday its unwillingness to reconcile with the…
Egyptian-Indian Business Council reshaped
Industry and Trade Minister Mounir Fakhry Abdel Nour announced Thursday a decree to reshuffle the Egyptian side of…
Egypt stocks shed $5.2bn in market cap over week
Egypt’s stock market encountered weekly heavy losses worth 40.8 billion Egyptian pounds (US$5.2 billion) sparked by…
Egypt antitrust watchdog upholds charges against Oriental Weavers
Egypt's antitrust authority will not backtrack on its referral of carpet maker Oriental Weavers to the country's…
Oriental Weavers denies monopolistic practices accusations
Egypt-based leading machine-woven carpet maker, Oriental Weavers (ORWE.CA) denied Wednesday involving in…
Oriental Weavers accused of ‘monopolistic practices’ – Egypt competition…
Egypt-based leading carpet maker, Oriental Weavers (ORWE.CA) has been referred Tuesday to the public prosecution on…
Oriental Weavers’ H1 net profits hit 276 million Egyptian pounds
Egypt’s largest carpet-maker Oriental Weavers (ORWE.CA) reported first half net profit of 276,8 million…
Oriental Weavers records slight Fall in Q1 Profit
Egypt’s largest carpet-maker, Oriental Weavers announced Sunday its first-quarter net profit recorded 152.68…
Oriental Weavers to issue Dividend of 0.4 Egyptian pounds per Share
Egypt’s largest carpet-maker Oriental Weavers will pay a dividend of 0.4 Egyptian pounds (US$0.05) a share, the…
Oriental Weavers eyes 10% Growth in Egypt Sales in 2015
Egypt’s largest carpet-maker Oriental Weavers is targeting a 20% boost in sales in local market within 2015,…
Oriental Weavers secures $10mn loan from Bank Audi
Egypt’s rug manufacturer Oriental Weavers (OW) said, in a bourse statement Sunday it reached an agreement with Bank…
Oriental Weavers Sees 20% Growth in Carpet Production amid New Plants
Egypt’s largest carpet-maker Oriental Weavers will start establishment works on two new factories early 2015 amid…
Oriental Weavers Seen EGP6bn Total Sales by 2014-end – CEO
Egypt’s leading carpet manufacturer, Oriental Weavers is expected to achieve total sales of 6 billion Egyptian…
Oriental Weavers Eyes EGP100 Million Investments by 2015
Egypt's Leading Carpet manufacturer,Oriental Weavers (OW) (ORWE.CA) is planning to invest EGP100 million to buy new…
Oriental Weavers, Juhayna, Sidpec Secure First Place in Arab Quality Award
Three Egyptian companies have won the first place in the Arab Quality Award offered by the Arab Industrial…
Oriental Weavers: Q3 Net Profit Dips to EGP71.19mn
Egypt’s leading carpet manufacturer, Oriental Weavers said on Thursday its third-quarter net profit had nudged down…
Oriental Weavers Targets Greater Exports to Africa to $14 million
Egypt’s leading carpet manufacturer, Oriental Weavers is planning to boost the volume of its exports to the African…
Oriental Weavers Plans EGP300mn Investments in Egypt within 3 Years
Egypt's leading carpet manufacturer Oriental Weavers plans new investments in the coming three years worth 300…
Oriental Weavers Rebuts Plans to Establish New Plant in US
Egypt's leading carpet manufacturer Oriental Weavers denied media reports about the company's plans to establish a…
Oriental Weavers: Net Profit Surges 14.5% in H1
Egypt's leading carpet manufacturer Oriental Weavers (OW) (ORWE.CA) announced on Thursday its financial results for…
Egypt Bourse Revises EGX30’s Constituents, Removes 7 Companies
Egyptian stock Exchange (EGX) has revised Thursday the constituents of its main index, EGX30, in light of a…
Oriental Weavers Brings €1mn Cutting-edge Machinery to its US Plant
Egypt's leading carpet manufacturer Oriental Weavers (OW) will be making a new expansion worth €1 million to its…
Egypt’s Oriental Weavers Raises Dividend After 30 % Profit Rise
Egypt's Oriental Weavers (ORWE.CA), the world's biggest machine-woven carpet maker, said on Tuesday it would pay a…
Oriental Weavers Plans Stock Split to Spur Liquidity
Egypt's leading carpet manufacturer Oriental Weavers (ORWE.CA) is currently studying conducting a stock split which…
Oriental Weavers-Egypt Says :No EGP80 mln investments in 2014
Oriental Weavers denied investing EGP80 million in the renewal and replacement operations during 2014. The company…
Oriental Weavers Cancels Carpet Production Project in Turkey
Egypt’s leading carpet manufacturer Oriental Weavers Group (OW) (ORWE.CA) said its project to produce carpet in…
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…
Beltone Removes OCI from BAM30 Index, Adds Oriental Weavers Instead
Beltone Financial announced that it will revise its BAM30 index today to reflect the changes that took place due to…