Thursday 25 August 2016
 
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Orascom

Orascom Construction posts $23m Q1 profit

Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million a year ago. The group said it signed new contracts amounting to $510 million in Egypt, Algeria and the US in

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Orascom consortium wins $350m Egypt project deal

A consortium of Egypt's Orascom Construction (OC) and Belgian Besix Group has won the contract from Arab Petroleum Pipelines Company (Sumed) for the construction of a new pier in Ain Sukhna area of Suez governorate at an investment of $350 m

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Orascom consortium wins $350m Egypt project deal

A consortium of Egypt's Orascom Construction (OC) and Belgian Besix Group has won the contract from Arab Petroleum Pipelines Company (Sumed) for the construction of a new pier in Ain Sukhna area of Suez governorate at an investment of $350 m

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Orascom wins $308m Cairo metro line contracts

Egypt's Orascom Construction has won two contracts worth €270 million ($307.75 million) for work on the third phase of Cairo's third metro rail line, it said on Monday. Orascom will complete the civil package in a con

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Orascom wins $200m ME infrastructure contracts

Orascom Construction said it has won contracts worth $200 million for three industrial and infrastructure projects - including a greenfield cement plant - in Algeria and Egypt. The first contract in Algeria is part of a greenfield

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Beltone subsidiary to complete purchase of CI Capital

Orascom Telecom (OTMT) said it had asked its Beltone Financial subsidiary to complete the acquisition of the investment banking arm of Egypt's largest bank.   "This comes in line with OTMT's strategy

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N Korea sanctions impacting subsidiary: Orascom

Egypt's Orascom Telecom said on Sunday that sanctions against North Korea had affected its ability to control its subsidiary there, and it was removing Koryolink from its consolidated financial statement. The group said in a s

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Orascom Telecom posts 9-month net loss of $383m

Egypt's Orascom Telecom Media and Technology Holding reported a net loss of E£3 billion ($383.14 million)in the nine months ending September. The company made a net profit of E£603 million a year earlier, it said i

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Orascom, ACT in bid to buy Beltone Financial

The board of Orascom Telecom Media and Technology has approved an offer to acquire, together with investment bank ACT Financial, 100 per cent of shares of Beltone Financial, Orascom Telecom said in a statement on Sunday. The offer

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Orascom, ACT in bid to buy Beltone Financial

The board of Orascom Telecom Media and Technology has approved an offer to acquire, together with investment bank ACT Financial, 100 per cent of shares of Beltone Financial, Orascom Telecom said in a statement on Sunday. The offer

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