Tuesday 9 February 2016
 
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Orascom

N Korea sanctions impacting subsidiary: Orascom

Egypt's Orascom Telecom said on Sunday that sanctions against North Korea had affected its ability to control its subsidiary there, and it was removing Koryolink from its consolidated financial statement. The group said in a s

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Orascom Telecom posts 9-month net loss of $383m

Egypt's Orascom Telecom Media and Technology Holding reported a net loss of E£3 billion ($383.14 million)in the nine months ending September. The company made a net profit of E£603 million a year earlier, it said i

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Orascom, ACT in bid to buy Beltone Financial

The board of Orascom Telecom Media and Technology has approved an offer to acquire, together with investment bank ACT Financial, 100 per cent of shares of Beltone Financial, Orascom Telecom said in a statement on Sunday. The offer

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Orascom, ACT in bid to buy Beltone Financial

The board of Orascom Telecom Media and Technology has approved an offer to acquire, together with investment bank ACT Financial, 100 per cent of shares of Beltone Financial, Orascom Telecom said in a statement on Sunday. The offer

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Aramex plans to set up logistics areas in Egypt

Dubai's courier Aramex said on Thursday it was in discussions with Orascom Telecom Media and Technology to build five logistics areas in Egypt. Aramex has not yet signed any agreements for the partnership, it said in response

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Aramex plans to set up logistics areas in Egypt

Dubai's courier Aramex said on Thursday it was in discussions with Orascom Telecom Media and Technology to build five logistics areas in Egypt. Aramex has not yet signed any agreements for the partnership, it said in response

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Orascom, Bombardier to build $1.5bn monorail in Egypt

Canada's Bombardier and Egypt's Orascom Construction and Arab Contractors will build a $1.5-billion monorail near Cairo, Egypt's housing minister said. The 52-km project is set to be completed by mid-2018 with funding

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Orascom, IPIC to build 3,000MW coal-fired plant in Egypt

A consortium of Orascom Construction and Abu Dhabi-based International Petroleum Investment Company (IPIC) has been awarded a contract to build a coal-fired power plant in Egypt. A development agreement was signed by the duo as an

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Orascom, IPIC to build 3,000MW coal-fired plant in Egypt

A consortium of Orascom Construction and Abu Dhabi-based International Petroleum Investment Company (IPIC) has been awarded a contract to build a coal-fired power plant in Egypt. A development agreement was signed by the duo as an

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Sawiris to diversify Orascom, invest $500m in Egypt

Top Egyptian businessman Naguib Sawiris said he was ready to invest $500 million in Egypt and was diversifying his telecoms business into infrastructure, energy and transportation, sectors which need major funds in the country. Sa

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