The Egyptian government is close to a deal with Orascom Construction Industries (OCI) over a tax dispute, the finance minister was quoted by local media as saying on Sunday.
Al-Mursi Al-Sayed Hegazy said so far the agreement was f
Egyptian authorities have barred the chief executive of Orascom Construction Industries, one of the country's biggest companies, from leaving the country as part of an investigation into tax evasion, state media said on Sunday.
Egyptian group Orascom Construction Industries has stopped two fertiliser production lines at its Egyptian Fertiliser Co subsidiary because of gas supply problems.
Production should be restored to previous levels within seven days
Egypt's stock exchange suspended trading in Orascom Construction Industries (OCI) shares on Tuesday and cancelled the day's trades in the stock after the company announced plans for an early bond repayment.
Orascom said in a statem
Egypt's Orascom Construction Industries (OCI) , the country's biggest listed company, said on Tuesday its fertiliser subsidiaries had signed credit facilities worth $1.9 billion with international and local banks.
The group plans t
Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Thursday it planned to buy back 440,000 treasury shares on the bourse, or their equivalent in global depository receipts (GDRs).
In a statement to the Cairo st
Orascom Construction Industries, Egypt's biggest listed builder, said on Sunday it had formed a joint venture with state-owned Arab Contractors to bid on nuclear power projects in the Middle East.
Orascom said in a statement that the j
Orascom Construction Industries (OCI), Egypt's biggest listed builder, has secured a loan worth over 175 million euros ($212.6 million) to part finance the buying of assets from Dutch chemicals group DSM, a newspaper said on Wednesday.
The board of Egypt's Orascom Construction Industries (OCI) approved the issuance of 5-year bonds worth EGP1.7 billion ($307 million) to fund acquisitions, the firm said on Wednesday.
The firm, in a statement published by the stock exch
Orascom Construction Industries (OCI), Egypt's biggest listed builder, has earmarked about $200 million for fertiliser production lines and other initiatives, an executive said on Wednesday.
The money has been allocated for a urea ammo