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OCI to sell Gavilon stake for $605mEgypt's Orascom Construction Industries (OCI) said on Tuesday it had agreed to sell its 16.8 per cent stake in US grains merchant Gavilon to Japanese trading house Marubeni for $605 million. 'The transaction is expected to close by More… |
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Orascom Construction Q4 net plunges 34pcEgyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt restructuring and other charges. The company's shares gained 2.6 percent as analysts welcomed its construc More… |
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Morocco axes Orascom from solar projectMorocco has excluded a group led by Egypt-based Orascom Construction Industries from the bidding for the first phase of a major solar energy project, l'Economiste newspaper reported. The newspaper gave no reason for the exclusion and a More… |
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Egypt's OCI Q3 net up 24pc to $183mEgypt's Orascom Construction (OCI) said on Monday its net profit for the third quarter of 2011 rose 24 percent to $182.9 million, in line with the consensus forecast of analysts. Consolidated revenue grew 8.9 percent to $1.36 billion, whil More… |
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Orascom wins Aldar mall contractUAE's Aldar Properties said on Sunday that a unit of Egypt's Orascom Construction Industries (OCI) was given the contract to build a major retail mall on Abu Dhabi's Yas Island. Six Construct, which is fully owned by BESIX Grou More… |
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OCI wins Palm Hills projectEgypt's Palm Hills Development, the country's second-biggest listed developer, said Orascom Construction had won the development contract for a 554 million Egyptian pounds ($93 million) Palm Hills project. Palm Hills chief executive Mohame More… |
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Orascom Q2 net profit rises 15pcEgypt's Orascom Construction (OCI) posted a 15 per cent rise in second-quarter net income on Tuesday and said it expected orders to grow this year as governments in the Middle East try to create more jobs by boosting infrastructure spending. More… |
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Orascom sees Q2 net up 33pcOrascom Construction Industries, Egypt's biggest listed company, is expected to post a 33 per cent jump in second-quarter net profit, according to analyst estimates. Orascom, run by billionaire tycoon Nassef Sawiris, could see profits More… |
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OCI net profit soars 77pc in Q1Orascom Construction Industries (OCI) said on Wednesday its first-quarter net profit soared 77 percent year-on-year to $206.1 million. The firm, Egypt's biggest listed builder and fertiliser maker, made net profit of $116.6 million in the More… |
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Egypt's OCI eyes fertiliser plant projectsEgypt's Orascom Construction Industries (OCI) said on Monday it had agreed to form a partnership with Italy's Maire Tecnimont to investigate possible fertiliser plant projects in sub-Saharan Africa. 'The 50/50 partnership will More… |
