Orascom Construction (OCI) , Egypt's biggest listed company, reported a 28 percent drop in net income for the second quarter, pulled lower by start-up costs at new fertiliser factories, as it prepares to split the two busin
Egypt's Orascom Construction Industries will build a $1.4 billion fertiliser plant in Iowa and is buying a US construction firm, as it targets growth outside its main Middle East markets, the company said.
Egypt's Orascom Construction (OCI) reported a 54 percent fall in first-quarter net income on Monday, on lower operating margins and after the group took the investment income from its Gavilon Group off its earnings books.
Net profit fell t
Egypt's Orascom Construction Industries (OCI) has secured a $100 million loan from the World Bank's investment arm to help it expand across the region and rebuild confidence in the country's private sector.
Egypt is struggling
Egypt's Orascom Construction Industries (OCI) said on Tuesday it had agreed to sell its 16.8 per cent stake in US grains merchant Gavilon to Japanese trading house Marubeni for $605 million.
'The transaction is expected to close by
Egypt's Orascom Construction (OCI) said on Monday its net profit for the third quarter of 2011 rose 24 percent to $182.9 million, in line with the consensus forecast of analysts.
Consolidated revenue grew 8.9 percent to $1.36 billion, whil
A unit of Egypt's Orascom Construction won the main 416 million euro ($578 million) construction contract to build a mall in the capital of the United Arab Emirates, the firm said on Sunday.
The contract for Yas Mall, a retail developm
A unit of Egypt's Orascom Construction Industries (OCI) won a 2.07 billion Saudi riyal ($552 million) contract to design and build a major sports stadium in Saudi Arabia's Jeddah, a source close to the deal said on Monday. &
Orascom Construction Industries, Egypt's biggest listed company, is expected to post a 33 per cent jump in second-quarter net profit, according to analyst estimates.
Orascom, run by billionaire tycoon Nassef Sawiris, could see profits