Nassef Sawiris

Market falters for second day, loses LE5.2 billion
Business

Market falters for second day, loses LE5.2 billion

The main index of the Egyptian stock market fell 2.49 percent Tuesday, the second consecutive day of heavy losses for…
Market falls amid OCI travel ban, new regulations
Business

Market falls amid OCI travel ban, new regulations

The main index of the Egyptian stock market fell by a whopping 2.30 percentage points on Monday, the biggest losses…
Orascom: Disputed taxes LE4.7 billion, no travel ban for Sawiris
Egypt

Orascom: Disputed taxes LE4.7 billion, no travel ban for Sawiris

Orascom Constructions Industries said on Monday that the amount of taxes in dispute over the sale of Orascom Cement to…
Egypt bans OCI founder, chairperson from travel
Business

Egypt bans OCI founder, chairperson from travel

The prosecutor general’s office placed a travel ban on the founder of Orascom Constructions Industries Onsi Sawiris and his son,…
OCI transition to Dutch company moves forward
Business

OCI transition to Dutch company moves forward

Orascom Construction Industries announced Wednesday that a majority of its shareholders had agreed to transfer their shares to a Dutch-based…
Court commissioners reject appeal against renationalization of company
Egypt

Court commissioners reject appeal against renationalization of company

The commissioners to the State Council Administrative Court have rejected a government appeal against an earlier administrative court ruling to…
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