Orascom

Egyptian billionaire Samih Sawiris acquires Thomas Cook Germany
Egypt

Egyptian billionaire Samih Sawiris acquires Thomas Cook Germany

Egyptian billionaire Samih Sawiris has acquired the German subsidiary of the global tour operator and travel company Thomas Cook through…
Egypt’s Sawiris eyes mining opportunities at home with new law
Business

Egypt’s Sawiris eyes mining opportunities at home with new law

CAIRO, Aug 26 (Reuters) – Egyptian billionaire Naguib Sawiris said on Monday he intended to invest in gold and copper…
Orascom Co. to provide first-class, digital visitor services at Giza plateau
Travel

Orascom Co. to provide first-class, digital visitor services at Giza plateau

On Thursday, Egypt’s Supreme Council of Antiquities signed a contract with Orascom Investment Holding Company, allowing the latter to provide…
Reports on Giza Pyramids administration to be transferred to Emirati company ‘rumor’: official
Egypt

Reports on Giza Pyramids administration to be transferred to Emirati company ‘rumor’: official

News reports alleging that the Egyptian government will transfer the administration of the Giza Pyramids to an Emirati company for…
Egyptian billionaire Sawiris in surprise exit as Orascom CEO
Business

Egyptian billionaire Sawiris in surprise exit as Orascom CEO

Egyptian billionaire Naguib Sawiris has resigned as chief executive officer of Orascom and his deputy Tamer El Mahdi has been…
Egypt’s Orascom Telecom Q1 net profit tumbles to LE48.733 mln
Business

Egypt’s Orascom Telecom Q1 net profit tumbles to LE48.733 mln

Egypt's Orascom Telecom Media and Technology Holding said on Thursday its first quarter net profit had fallen to 48.73 million…
Update: 13 dead, 14 injured in bus accident
Egypt

Update: 13 dead, 14 injured in bus accident

Thirteen people are dead and 14 were injured in a road accident on Saturday morning when a bus fell from…
Mideast stocks: Saudi, Egypt slip; Orascom sold in Dubai, possibly for FX reasons
Business

Mideast stocks: Saudi, Egypt slip; Orascom sold in Dubai, possibly for FX reasons

Saudi Arabia's stock market edged down in early trade on Wednesday, while Egypt pulled back broadly as the country was…
Orascom to split construction, fertiliser units for separate listings
Business

Orascom to split construction, fertiliser units for separate listings

Orascom Construction has started proceedings for the demerger of the company's units with its engineering and construction business to be…
Egypt’s Orascom reports Q3 net loss of LE72.6 mn
Business

Egypt’s Orascom reports Q3 net loss of LE72.6 mn

Egypt's Orascom Telecom reported a net loss of LE72.6 million (US$10.2 million) in the third quarter, compared with a loss…
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