Monday 29 August 2016
 
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Orascom Construction

Orascom Construction posts $334m net loss in 2015

Egypt's Orascom Construction said it has registered a net loss of $334.4 million for the financial year 2015 mainly due to a major setback in its US business and expects to return to profitability in this quarter.   A lead

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Orascom lands $420m power plant contract

Egypt's Orascom Construction has been awarded a $420-million contract to revamp two government-owned power stations, the company said on Monday. Orascom was part of a consortium that completed the build of the Assiut and West

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Orascom lands $420m power plant contract

Egypt's Orascom Construction has been awarded a $420-million contract to revamp two government-owned power stations, the company said on Monday. Orascom was part of a consortium that completed the build of the Assiut and West

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Orascom Construction net income hits $24.5m

Orascom Construction, listed in both Cairo and Dubai, posted third-quarter net income of $24.5 million, the engineering and building business said on Monday. The company reported revenue of $1.145 billion. The building company was

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Orascom Construction net income hits $35.2m

Egypt's Orascom Construction said its net income for the second quarter of 2015 rose to $35.2 million. The engineering and building business, which is dual listed in Cairo and Dubai, reported revenues of $1.017 billion.

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Orascom Construction back in profit in 2014

Egypt's Orascom Construction Industries said it made a net profit in 2014 of EGP4.6 billion ($588 million) in 2014, having made a loss in 2013 of EGP1.4 billion ($178.9 million). Sales rose to EGP7.8 billion ($996.8 million) f

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Orascom sets new power plant installation record

Orascom Construction said it has achieved a major milestone by completing the first phase of a giant power plant in Assiut, Egypt, in record time.  The plant generates and connects 375 MW to the country’s national grid.

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Orascom Construction bullish on Egypt, eyes reforms

Orascom Construction is bullish about growth opportunities in Egypt but wants the government to make clear commitments to further economic reforms, Osama Bishai, the company's chief executive said in an interview. The eng

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Orascom Construction set for Egypt trading

Shares in Egypt's Orascom Construction (OC) will start trading on the Cairo stock market on Wednesday, the Egyptian Exchange said on Tuesday. The bourse, which had earlier in the day said it was still undecided on the date, sa

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Orascom Construction eyes funding for Egypt power plant

Leading engineering and building group Orascom Construction said it is in talks with leading banks in the region to finance the first phase of a $5-billion coal-fired power plant in Egypt. Last November, Orascom Construction had announc

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