Serious negotiations between MENA Cables and local government companies for acquiring a controlling stake
Sources: The deal is not stalled and will witness positive developments in the coming period
Latest in Tag: Orascom Telecom Media and Technology Holding Highlight
Latest in Tag: Orascom Telecom Media and Technology Holding
Exchange rate, MENA-SCS drive Orascom Telecom to profitability in 2016
Beltone Financial records negative operating profit
Sawiris shuts down affiliate bank in North Korea due to US sanctions
Orascom Telecom Media and Technology Holding will shut down Orabank, its affiliate bank in North Korea, due to US sanctions on the nation, according to an announcement on Sunday. The company, owned by business tycoon Naguib Sawiris, added in a note to the Egyptian Exchange that shutting down the bank in Korea is a …
Floating the Egyptian pound expected to have slight impact on mobile market
Securing US dollars at banks is the condition for eliminating the black market, says Mohamed Ismail
Transfer of OTMT’s assets has no pricing basis: Sawiris
Sources asserted that Sawiris continues to defend claims over committing violations by transferring OTMT’s assets to OTMT Acquisition instead of Weather Investments
Sawiris-CI Capital undergoes exceptional examination by EFSA
The examination of the current deal is more accurate than that of Beltone’s deal, led to discovering previous violation, says EFSA chairperson
OTMT, CIB agree to extend acquisition offer before its conclusion on Thursday
OTMT made the acquisition offer through its affiliated company Beltone Financial. The offer was concluded by the end of March, which pushed Beltone to extending the period of the offer by 14 days, ending 14 April