Sawiris’ OTMT sells Mena Cable stake to Telecom Egypt unit
Egyptian billionaire Naguib Sawiris' OTMT signs a deal to sell its stake in MENA Cable to Telecom Egypt’s…
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OTMT
Egypt’s OTMT Q1 profits jump 697%
Egypt’s Orascom Telecom Media and Technology Holding (OTMT) reported Sunday a 697 percent y-o-y increase in its…
Orascom TMT gives Brazil’s Oi one month to amend reorganization plan
Egypt’s Orascom TMT Holdings and a group of bondholders have given Oi SA another month to amend a reorganization…
Egyptian GDRs close mostly higher at London bourse
Egyptian global depository receipts (GDRs) ended mostly higher at London Stock Exchange (LSE) on Friday. GDRs of…
OTMT announces withdrawal from Egypt solar feed-in tariff projects
Orascom Telecom Media and Technology Holding (OTMT) announced in a bourse filling Monday its decision to withdraw…
Egyptian GDRs mostly jump at London bourse on Thursday
Egyptian global depository receipts (GDRs) mostly surged at London Stock Exchange (LSE) during Thursday's trade.…
Egyptian GDRs trade mostly higher at London bourse
Egyptian global depository receipts (GDRs) ended mostly higher at London Stock Exchange (LSE) during Friday’s…
Egyptian GDRs in London bourse end mostly higher on Friday
Egyptian global depository receipts (GDRs) closed mostly higher on Friday during trade at London Stock Exchange…
Egypt’s GDRs in London bourse finish mostly flat on Friday
Egyptian global depository receipts (GDRs) ended trade on the London Stock Exchange (LSE) mostly with no change.…
Egypt’s GDRs in London bourse close mostly flat Friday
Egyptian global depository receipts (GDRs) trading on the London Stock Exchange (LSE) ended Friday trade with no…
Cairo stocks end week 1.13% lower
Egypt’s stocks were lower Thursday weighed by non-Arab foreign selling pressures. Main index, EGX30 tumbled 1.13…
Egypt’s GDRs in London bourse end unsteady on Friday
Egyptian global depository receipts (GDRs) trading on the London Stock Exchange (LSE) ended Friday trade unsteady.…
Egyptian GDRs in London bourse close mostly flat on Friday
Egyptian global depository receipts (GDRs) trading on the London Stock Exchange close Friday trade mostly flat. The…
Orascom Telecom says Q1 net profit fell to 48.733 mln Egyptian pounds
Egypt's Orascom Telecom Media and Technology Holding (OTMT) said Thursday its first quarter net profit had dropped…
Sawiris’ OTMT plans investing in Egypt’s food, agricultural industries sector
Egypt's Orascom Telecom Media and Technology Holding company (OTMT) -owned by tycoon Naguib Sawiris - is currently…
Sawiris’ Beltone Financial says Q1 net profit jumps 132%
Egypt's Beltone Financial, a unit of billionaire businessman Naguib Sawiris's OTMT, reported a 132 percent jump in…
Egyptian billionaire Sawiris expresses interest in Brazil carrier Oi
Egyptian billionaire Naguib Sawiris said he is prepared to invest in Oi SA, the Brazilian wireless carrier…
Sawiris’ Beltone Financial planning to entice overseas investors with GDRs
Egypt's Beltone Financial, a unit of billionaire businessman Naguib Sawiris's OTMT, said Sunday it planned 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…
Egypt’s GDRs in London bourse end week mostly flat
Egyptian global depository receipts (GDRs) trading on the London Stock Exchange ended mostly flat on Friday. The…
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…
Sawiris’ Orascom says North Korean venture Koryolink talks hit the buffers
Egypt-based Orascom Teleccom OTMT, which is owned by business tycoon Naguib Sawiris, announced Thursday it had…
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, 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…
Egypt stocks start week lower on profit taking
Egypt's main index EGX30 fell 0.9 percent Sunday to 7,480 points, almost erasing last week's gains due to profit…
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…
Sawiris’ OTMT seeks new partner to build 5 logistics centres in Egypt
Egyptian Orascom Telecom Media and Technology Holding (OTMT) failed to build a consortium with Aramex to build 5…
Egyptian mobile operator Mobinil officially rebranded to Orange
Orange (NYSE: FTE) has officially launched as a brand in Egypt Tuesday, becoming the French giant's largest market…
Sawiris: Orascom TMT has enough cash to lend Beltone $128mn to acquire CI Capital
Egypt's Orascom Telecom and Media Technology has enough cash to lend one billion Egyptian pounds ($128 million) to…
Billionaire Naguib Sawiris’ investment banking foray bets on Egypt revival
Egyptian billionaire Naguib Sawiris is expecting his acquisition of two investment banks to pay off with the…
Mobinil to unveil official rebranding to Orange next Tuesday
Egyptian operator Mobinil is to announce in a press conference Tuesday its official rebranding to French parent…
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…
OTMT asks Beltone subsidiary to complete CI Capital deal
Orascom Telecom (OTMT) said on Thursday it had asked its Beltone Financial subsidiary to complete the acquisition…
Sawiris’ OTMT approves final offer for CI Capital
Egyptian firm Orascom Telecom and Technology, which is owned by business tycoon Naguib Sawiris, has approved the…
EXCLUSIVE: Beltone says to launch Egypt’s second ETF this year
Egypt's Beltone Financial Holding (BTFH.CA) is planning to launch the country’s second exchange-traded fund (ETF)…
Orascom Telecom’s share hikes 9% amid its offer to acquire CI Capital
The share price of Orascom Telecom and Media Technology (OTMT) jumped 9.26 percent during the opening session of…
Sawiris’ OTMT unit to take part in building solar plant in Upper Egypt
Egypt-based Orascom Telecom Media and Technology's fully owned subsidiary O Capital for Energy signed this week a…