Samih Sawiris to step down as Orascom Development Holding chairman
Egyptian business tycoon Samih Sawiris will step down and will not stand for re-election as chairman of Orascom…
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Samih Sawiris
Egyptian billionaire Onsi Sawiris, founder of Orascom business empire, dies at 91
Onsi Sawiris, Egyptian business icon turned philanthropist and the patriarch of Egypt's wealthiest family, died on…
Egypt’s Naguib Sawiris says his brother Samih contracted and recovered from coronavirus
Egyptian billionaire Naguib Sawiris said on Tuesday that his brother construction tycoon Samih had undergone a…
Egyptian mogul Samih Sawiris ‘rescues’ a coronavirus-hit German tour operator FTI
Egyptian real estate mogul Samih Sawiris has acquired majority control of FTI Group, rescuing the German tour…
Sawiris Foundation donates 100 million pounds to Egypt’s coronavirus battle
Sawiris Foundation, an Egyptian charity linked to business tycoons Naguib, Samih, and Nassef Sawiris, has donated…
Egypt’s Samih Sawiris acquires Thomas Cook franchise in Germany
Egyptian billionaire Samih Sawiris, through his Raiffeisen Touristik Group, has acquired the Thomas Cook franchise…
Orascom: German FTI launches first MENA business district in Egypt’s Gouna
Orascom Development Holding on Monday announced that German tour operator FTI had inaugurated a central business…
Sawiris lays the foundation stone for Gouna Cultural Centre
Egyptian Orascom Development's chairman Samih Sawiris has laid on Monday the foundation stone of El Gouna…
Billionaire Sawiris steps in to end investors dispute with Egypt government
Egypt on Wednesday approved a deal settling a land dispute pitting the government against a group of international…
Sawiris: pound float will make Egypt competitive tourist destination once again
In an interview with Daily News Egypt, Egyptian tycoon Samih Sawiris tackles the impact of the Egyptian currency…
Egypt real estate market approaching ‘bubble’: Samih Sawiris
Egypt’s real estate market is approaching a bubble that will follow the current boom in the sector, Samih Sawiris,…
Misr Insurance renews Sawiris-run Orascom Hotels’ $754mn policy
The leading insurer in MENA region, Misr Insurance Company has renewed an insurance policy for Orascom Hotels and…
Sawiris: Clear economic vision needed to revive Egypt investment climate
Egypt’s investment climate needs a clear economic vision set by the government, said Egyptian tycoon Samih Sawiris…
Sawiris plans new housing project in Senegal
Samih Sawiris, Chairman of Orascom Development Holding (ODH), is to meet with Macky Sall, Senegal's president, next…
Renaissance Dam puts brakes on Orascom’s investments in Ethiopia
Samih Sawiris, Chairman of Orascom Development Holding (ODH), said the company’s $300 million investments in…
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.…
Samih Sawiris’ OHD obtains $20mn in H1
Orascom Hotels and Development’s (OHD) consolidated financial statements reveal the company achieved profits in the…
Sawiris Family holds 52% of Orascom Construction
Sawiris family, one of Egypt’s two wealthiest families, hold 52.01% of Orascom Construction Limited’s issue…
Sawiris Family’s Contributions to Egypt Economy Totalling EGP1bn
The Sawiris family, one of Egypt’s two wealthiest families, made contributions totalling around one billion…
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…
Orascom Sheds Assets in Egypt As It Restructures Business
Swiss-listed Orascom said on Sunday it would divest stakes in a number of non-core assets in Egypt as it…
Egypt’s Orascom Hotels 2013 Net Loss Hits EGP562 mln
Egypt's Orascom Hotels and Development (ORHD.CA) reported on Wednesday it incurred net losses of around EGP 562.345…
Orascom Hotels Establishes a New Company to Manage Taba Port
Egypt’s Orascom Hotels and Development announced on Tuesday that two subsidiary companies, Taba Heights and Taba…
Egypt Ranks Second in World’s Richest Arabs List: Forbes Middle East
Egypt has landed in second place in the World’s Richest Arabs list made by Forbes Middle East, contributing 15…
Swiss-listed Orascom Warns on Profit amid Egyptian Instability
Swiss-listed Orascom Development Holding AG (ODH) expects to post a full-year net loss, as Egyptian tourism suffers…
Egyptian Tycoon Sawiris to Buy into German Travel Group FTI
Egyptian billionaire Samih Sawiris is taking a stake of 25 percent to 35 percent in FTI, Germany's fourth-biggest…
Orascom Development, Ezz Elarab to Launch ‘Green’ Transport Services
Egypt’s Orascom Development has joined hands with Ezz Elarab Automotive Group, the sole agent for Budget Rent a Car…
Sawiris Family Plans to Inject EGP4 bln Investments in Egypt Early 2014
Egypt Investment Billionaire Naguib Sawiris is expecting that the Egyptian market will witness an influx of foreign…
Egypt Bourse Chief in NYC to Attend Int’l Economic Reform Forum
Egypt’s bourse chief Dr. Mohamed Omran is currently in New York city to take part in Egypt Economic Reform Forum…
Egypt’s Orascom Development Narrows Net Losses By 27% – Q1
Orascom Development Holding(AG) - (ODHN.CA) reported consolidated business results for the first quarter of 2013, a…
Orascom Development Ratifies FY/12 Business Results Today
Orascom Development Holding AG (Orascom Development) (ODHN.CA) will be holding today its annual general meeting to…
Sawiris Family Finally Back Home As Tax Disputes Settled
Members of Sawiris family have arrived at Cairo International Airport on Friday coming from France, after a travel…
Raymond Cron Quits Egypt’s Orascom Development By June-End
The current Chief Operating Officer (COO) of Orascom Development Holding AG (Orascom Development) (ODHN.CA),…
Orascom Development’s Egypt Market Exit Looming On Horizon
The leading global developer Orascom Development Holding AG (Orascom Development) (ODHN.CA) has been reducing its…
ONTV Channel Sale; Another Safe-Exit Saga About Sawiris’ Family
The ‘Safe Exit’ is one of the major terms that can precisely describe the plans drawn up by Sawiris’ family for the…
Orascom Development To Inject $80 Mln In 7-Star Hotel In Aswan
Orascom Development Holding AG (ODH) (ODHN.CA) is gearing up to invest $80 million in a seven-star hotel on Amoun…
EGX 30 Falls 2.7% In Week Amid IMF Loan Vague Vision
Egyptian Exchange benchmark EGX30 index dipped by 2.73 % this week, representing a decline of 160.92 points, ending…
ODH Approves Orascom Hotels EGX Listing Reactivation, Public Offering Of Up To 10%
The Board of Directors of Orascom Development Holding AG (Orascom Development) (ODHN.CA) yesterday approved the…
Beltone Reshuffles Board Amid El Helw’s Resignation
Beltone Financial (BTFH.CA) has approved Mahmoud El Helw’s resignation from its board of directors membership.…
MCDR Chairman, Sawiris Dropped Out EFA Presidency Race
The Egyptian Football Association has dropped out Mohamed Abdel Salam, chairman of Misr for Central Clearing,…