Monday 25 June 2018
 
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Orascom Construction

Crisis-hit Abraaj sells Orascom Construction stake for $52m

Dubai-based Abraaj Group has sold its entire stake in Egypt’s Orascom Construction for $52 million as the private equity firm seeks to restructure amid allegations of misused funds, reported Bloomberg. Abraaj has been und

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Orascom Construction JV wins UAE airport expansion contract

Orascom Construction, a leading global engineering and construction contractor in the Middle East and North Africa (Mena) region said its joint venture with UAE-based Al Sahraa Group has been awarded a $180-million contract for the expansion of

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Suez tunnel work to be completed by 2018-end

Egyptian construction groups Arab Contractors (AC) and Orascom Construction have started work on a E£18-billion ($2 billion) tunnel construction project which will be completed by the end of 2018, said a report. Under this p

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Orascom Construction to buy back million shares

Orascom Construction, a leading player in the region, said its board of directors has approved a proposal to buy back up to one million shares, the company said. "The company proposes to purchase ordinary shares through an of

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Beltone starts market-making on Nasdaq Dubai

Beltone Market Maker, a subsidiary of Beltone Financial Holding, one of Egypt’s leading investment banks, has begun providing market-making services in the shares of Orascom Construction on Nasdaq Dubai. The move supports li

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Orascom Construction posts $334m net loss in 2015

Egypt's Orascom Construction said it has registered a net loss of $334.4 million for the financial year 2015 mainly due to a major setback in its US business and expects to return to profitability in this quarter.   A lead

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Orascom lands $420m power plant contract

Egypt's Orascom Construction has been awarded a $420-million contract to revamp two government-owned power stations, the company said on Monday. Orascom was part of a consortium that completed the build of the Assiut and West

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Orascom lands $420m power plant contract

Egypt's Orascom Construction has been awarded a $420-million contract to revamp two government-owned power stations, the company said on Monday. Orascom was part of a consortium that completed the build of the Assiut and West

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Orascom Construction net income hits $24.5m

Orascom Construction, listed in both Cairo and Dubai, posted third-quarter net income of $24.5 million, the engineering and building business said on Monday. The company reported revenue of $1.145 billion. The building company was

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Orascom Construction net income hits $35.2m

Egypt's Orascom Construction said its net income for the second quarter of 2015 rose to $35.2 million. The engineering and building business, which is dual listed in Cairo and Dubai, reported revenues of $1.017 billion.

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