Endeavour buys rival Teranga to create new top 10 senior gold producer
Canada’s Endeavour Mining, 24.12 percent owned by the Sawiris family, announced on Monday it had agreed to buy…
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Sawiris family
Sawiris-backed Endeavour Mining in merger talks with West Africa Teranga Gold
Canada’s Endeavour Mining, 24.12 percent owned by the Sawiris family, is in talks over a merger with West…
Ezdehar Management’s Egypt Mid-Cap Fund reaches $85 million
Egyptian mid-cap investment management firm Ezdehar Management says it raised $85 million for its fund, Ezdehar…
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…
Sawiris Family Plans To Invest In Ethiopia: Official
Ethiopia received a request from the Sawiris family to invest in the country’s hotels sector, according to the…
Orascom Construction CEO bullish on Egypt, eyes More Reforms
Orascom Construction is bullish about growth opportunities in Egypt but wants the country's government to make…
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…
Orascom rises in NASDAQ Dubai Debut, seeks financing for Egypt Power Plant
Shares in Orascom Construction rose around three percent on their NASDAQ Dubai market debut on Monday and the…
Egypt’s Orascom may rise on listing in Dubai
Shares in Egypt's Orascom Construction (OC) may rise as they start trading on NASDAQ Dubai on Monday after the…
Nassef Sawiris: Egypt Economy Needs EGP200bn Annual Investments
Egypt needs to allure investments worth 200 billion Egyptian pounds (around $28 billion) per year to revive its…
NASDAQ Dubai, Egypt Clearing House Sign Dual Listing Agreement
NASDAQ Dubai has agreed today with Egypt's securities clearing house to promote cross-listings of Egyptian firms'…
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…
Egypt Stocks Gain EGP9.3bn in Week on Moody’s Rating Upgrade
In a week, Egypt’s stock Exchange (EGX) posted gains worth 9.3 billion Egyptian pounds (US$1.3bn) backed by…
Nile Sugar’s Shares Active on Bourse Database on October 26 – EGX
Egyptian stock Exchange (EGX)’s Listing Committee approved on Thursday the listing of Nile Sugar, a private…
Egypt Bourse Approves Sawiris-led Nile Sugar’s IPO – Official
Egyptian stock exchange (EGX) approved the listing of Nile Sugar Company, a private beet-based sugar mill owned by…
Sawiris’ Nile Sugar Files Official Bid to List in Egypt Bourse
An official listing request has been filed by Nile Sugar, owned by Egyptian business tycoons, the Sawiris family,…
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…
Egypt: OCI’s Referral to Prosecution is ‘Inevitable’ over EGP900mn Tax Arrears
The decision to refer Orascom Construction Industries (OCI) - which is owned by Egyptian business tycoon…
Egypt: Sawiris’ OCI Declines to Pay EGP900mn Tax Arrears
Egyptian Tax Authority (ETA) has referred to the country’s public prosecution a cheque issued by Orascom…
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…
CI Capital Investment Banking Concludes $ 7.3 bln OCI N.V. Transaction
CI Capital Investment Banking, a division of premier Egyptian investment bank CI Capital, announced today the…
OCI N.V. Successfully Acquires 97.44% of Egypt’s Orascom Construction
OCI N.V. announced on Sunday that as of the closing filings on 28 July 2013, OCI N.V. expects to own 97.44% of…
Benchmark Surges 1.3% in Week, As Egypt Forms Its Cabinet
As Egypt was in the process of forming its military-backed interim government, the country’s stock market has…
Egypt Billionaire Sawiris Family to Invest “Like Never Before”
Egyptian tycoon Naguib Sawiris, whose family controls the sprawling Orascom corporate empire, says he and his…
EGX 30 Climbs 2.4% In Week Powered By Govt’s Reconciling Steps
In a week, the Egyptian Exchange has managed to post remarkable gains of EGP 5.6 billion as the capital…
Business In Egypt; Feeling The Squeeze
The decision by Egypt’s general prosecutor to place the country’s wealthiest man and his business-tycoon father on…
No Hostile Policies Adopted Against Sawiris Or Any Businessmen; Says Morsi’s Aide
Egyptian President Mohamed Morsi’s adviser for political affairs, Pakinam El-Sharkawy has invited business tycoon…
OCI NV Seizes 98.8% Of OCI’s Shares Including Sawiris Family
As of the latest filings on 14 February 2013, OCI N.V. announced that the GDR holders holding a total of…
EGX 30 Surges 0.22% Amid Marking Mubarak Ouster 2nd Anniversary Week
During the last week which witnessed the second anniversary of Hosni Mubarak ouster, the Egyptian Exchange has…
OCI Sale Approval Drags EGX 30 Down 0.41%; Closing
The Egyptian Exchange (EGX) has ended Wednesday’s session posting losses of EGP 819 million driven by foreign…
OCI Shareholders Approve OCI N.V. Offer
Orascom Construction Industries (OCI) (OCIC.CA) announced the results of its Ordinary and Extraordinary General…
Sawiris Family, Abraaj Capital To Abstain From Voting In OCI’s Coming AGM
Orascom Construction Industries (OCIC.CA) confirmed on Monday that Sawiris Family and Abraaj Capital, the…
OCI N.V. Confirms 93.3% Of GDRs Holders Approve Exchange Offer After 2nd Close
OCI N.V. announced that as of the latest filings on 31 January 2013, shareholders, including the Sawiris family and…
OCI Shareholders To Discuss Dutch Unit’s Offer Feb 13th
Orascom Construction Industries – OCI (OCIC.CA) said it will be holding its annual general meeting on Wednesday…