Tag Archives: Orascom

Orascom Construction awarded $300m contracts in Egypt and KSA

Orascom Construction (OC) recently signed $300m in contracts, securing new work in Egypt and Kingdom of Saudi Arabia (KSA), according to an official statement issued by the company.

“In Egypt, OC has been awarded several new commercial packages to support …

Sawiris interested in Telecom Italia: Bloomberg

Sawiris interested in Telecom Italia: Bloomberg

Egyptian tycoon Naguib Sawiris prepared to invest in Telecom Italia (AFP Photo)

Egyptian tycoon Naguib Sawiris prepared to invest in Telecom Italia
(AFP Photo)

Reuters – Egyptian tycoon Naguib Sawiris would be prepared to invest in Telecom Italia as long as the group’s biggest shareholder, Telefonica withdraws, but he is not in …

Orascom Construction suspends tax payment to Egypt

Reuters – Orascom Construction Industries has suspended payment of a 31 December instalment of an EGP 7.1bn ($1.02bn) tax settlement with Egypt’s government, its Amsterdam-listed parent company OCI NV said on Wednesday.

The settlement was agreed last April, when Islamist …

Tourist arrivals drop 69.7% in September: CAPMAS

Tourist arrivals drop 69.7% in September: CAPMAS

An Egyptian camel owner waits for customers as tourists visit the Giza pyramids, south of the Egyptian capital Cairo, on October 1, 2012. (AFP PHOTO/KHALED DESOUKI)

An Egyptian camel owner waits for customers as tourists visit the Giza pyramids.
(AFP File PHOTO/KHALED DESOUKI)

The latest tourism report issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that the rates of tourists visiting Egypt …

Orascom losses hit CHF 75.5m, blaming deteriorating tourism

Orascom losses hit CHF 75.5m, blaming deteriorating tourism

Orascom Development Holding has reported a 13.2% decrease in revenues to CHF 164.7m during the first nine months of 2013 (Photo Public Domain)

Orascom Development Holding has reported a 13.2% decrease in revenues to CHF 164.7m during the first nine months of 2013
(Photo Public Domain)

Orascom Development Holding has reported a 13.2% decrease in revenues to CHF 164.7m during the first nine …