Alexandria railway to partially halt operation to implement first metro phase

Thu, 04 Jan 2024 - 11:26 GMT

Parts of the Alexandria railway system will halt operation gradually starting Friday to implement the first phase of the Alexandria Metro project.

B Investments approves share swap ratio value for Orascom Financial Holding acquisition

Wed, 13 Dec 2023 - 12:29 GMT

The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June

Orascom Construction announces acquisition, transfer of ownership of equipment company in Egypt

Tue, 25 Jan 2022 - 01:00 GMT

The company stated in a statement to the Egyptian Exchange (EGX), that Orascom shareholders approved this acquisition at the extraordinary general assembly meeting on December 27, 2021.

Orascom Construction approves acquisition of 3 companies at $35M

Tue, 28 Dec 2021 - 02:58 GMT

The acquisition amounts to a total of $35 million, including the sale and purchase agreement (agreements) and other required legal documents.

Egypt's PM attends signing of 2 agreements on setting up 500MW wind farm in Suez

Thu, 14 Oct 2021 - 11:04 GMT

Prime Minister Moustafa Madbouli attended the signing ceremony of two agreements on establishing a 500MW wind farm in the Gulf of Suez area.

7 contracts worth LE 2.6B for establishing new textile factories signed

Mon, 28 Jun 2021 - 02:43 GMT

The contracts were signed between the Cotton & Textile Industries Holding Co. and Orascom Construction PLC.

Talaat Moustafa Group, Egypt's most powerful real estate company

Tue, 09 Feb 2021 - 10:53 GMT

The infographic results were based on 3 main indicators, which are the volume of the land and assets portfolio, revenues, and the contractual sales .

Egypt’s Min. of Tourism & Antiquities attends opening of Nine Pyramids Lounge

Wed, 21 Oct 2020 - 12:26 GMT

Nine Pyramids Lounge and Restaurant provides its various services of unique meals and drinks, which possess the highest quality, in addition to the capacity of holding a number of special events, in the arms of the great Egyptian civilization.

Orascom Holding announces end of negotiations to acquire stake in Qatari Diar

Wed, 05 Aug 2020 - 01:36 GMT

The negotiations concerned Orascom's contemplated acquisition of a stake in Bawabet Al Sharq Al Qahira Al Guedida For Real Estate Development S.A.E, the developer of "City Gate" project.

Ora Developers Signs Agreements with Orascom Construction, Banque Misr to Build, Finance ZED Sheikh Zayed

Wed, 13 May 2020 - 08:56 GMT

During a signing ceremony that took place yesterday, Ora Developers and Orascom Construction signed a contract to build the first phase of ZED Sheikh Zayed project.

El Gouna Film Festival Press Conference held on Aug. 26

Mon, 26 Aug 2019 - 12:51 GMT

The festival’s third edition, to be held from Sept. 19 to 27, aims to bring together filmmakers in the region with their counterparts from all around the world.

Fortune of Nassef Sawiris rises by $1.5B in few months

Mon, 22 Jul 2019 - 03:56 GMT

The fortune of billionaire Nassef Sawiris rose by $1.5 billion to become $7.9 billion over the past few months.

Oracom Development records profits of LE 111.33M in Q1 2019

Sun, 12 May 2019 - 11:10 GMT

As per standalone results, the company turned into profitability by LE 27.48 million during the first quarter of 2019, compared to a loss of LE 45.95 million during the first quarter of 2018.

Orascom Investment Holding to provide Giza Pyramids' visitors with services

Sun, 16 Dec 2018 - 05:31 GMT

Supreme Council of Antiquities signed a contract with Orascom Investment Holding to provide Giza Pyramids' visitors with services, with the council having the sole right to manage the area.

EFSA receives tender offer from Orascom to purchase Sarwa Capital shares

Sun, 18 Nov 2018 - 03:10 GMT

The Egyptian Financial Supervisory Authority (EFSA) announced Sunday that it has received a tender offer from Orascom Investment Holding (OTH) to buy capital shared of the Sarwa Capital company.

Business News Wrap-up

Sun, 01 Apr 2018 - 05:26 GMT

A wrap-up of the most prominent business news of the day.

250MW wind farm to be built in Red Sea’s Ras Ghareb

Tue, 06 Mar 2018 - 11:31 GMT

PM Sherif Ismail witnessed Tuesday the signing of an agreement between Egyptian Electricity Transmission and a consortium to build a 250 MW wind farm.

Business News Wrap-up

Sun, 25 Feb 2018 - 05:00 GMT

A wrap-up of the most prominent business news of the day

Business News Wrap-up

Wed, 27 Dec 2017 - 05:34 GMT

A wrap-up of the most prominent business news of the day.

Egyptian billionaire denounces Saudi corruption crackdown

Fri, 01 Dec 2017 - 03:10 GMT

Egyptian billionaire businessman Naguib Sawiris condemned on Friday a crackdown on graft in Saudi Arabia.