Tuesday 24 May 2016
 
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Orascom

Orascom wins $308m Cairo metro line contracts

Egypt's Orascom Construction has won two contracts worth €270 million ($307.75 million) for work on the third phase of Cairo's third metro rail line, it said on Monday. Orascom will complete the civil package in a con

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Orascom wins $200m ME infrastructure contracts

Orascom Construction said it has won contracts worth $200 million for three industrial and infrastructure projects - including a greenfield cement plant - in Algeria and Egypt. The first contract in Algeria is part of a greenfield

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Beltone subsidiary to complete purchase of CI Capital

Orascom Telecom (OTMT) said it had asked its Beltone Financial subsidiary to complete the acquisition of the investment banking arm of Egypt's largest bank.   "This comes in line with OTMT's strategy

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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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