Orascom Investment Sees Higher Losses in H1
Egypt-based Orascom Investment Holding (OIH) incurred higher net losses of EGP 153.3 mn in the first half of 2019, compared to EGP 141.2 mn recorded during the prior-year period.
Orascom Eyes Buying Shares in Sawiris’ Andermatt Swiss Alps
Egypt-based Orascom Development Holding entered into an agreement with its Chairman Samih Sawiris for the potential purchase of 1% and one share of Andermatt Swiss Alps (ASA), a real estate firm managed by Sawiris ...
OIH Completes 30% Acquisition of Sarwa Capital
Egypt-based Orascom Investment Holding (OIH) has announced acquiring 30% (or about 216 mn shares) of structured- and consumer-finance player Sarwa Capital
Orascom Construction’s Adjusted Net Income Rise 208.5% in Q3 2018
Egypt-based Orascom Construction maintained its positive position in the third quarter of 2018, posting a 208.5% surge in its adjusted net income of USD 69.1 mn versus USD 22.4 mn in the year-ago period, excluding ...
Egypt’s Orascom Investment Seeks to Acquire 30% of Sarwa Capital
Egypt-based Orascom Investment Holding, formerly Orascom Telecom Media and Technology Holding (OTMT), said it is looking to acquire 30% of Sarwa Capital’s shares in November, particularly due to the deal's attract ...
Orascom’s Taba Heights Signs Deal With Tour Operator to Boost Tourism
Orascom Development Holding’s Sinai destination, Taba Heights, has signed a deal with Itaka, a Polish tour operator, to boost tourists' influx to the destination
Drilling Works Begin on Phase III of Cairo Metro Line III
Transport Minister Hisham Arafat launches drilling operations on phase III of the Cairo Metro's heavily-commuted third line, which will extend more than 17 kilometers and comprise 15 stations
Orascom Development, NUCA Announce Joint West Cairo Project
Orascom Development Egypt (ODE) is developing a 1,000-feddan land plot in West Cairo for its first housing project in the capital in partnership with the New Urban Communities Authority (NUCA)
Orascom Construction Adds USD 750 mn Projects to Backlog in Q3
Orascom Construction said it added new projects to its backlog during the third quarter of 2017
