Latest in Tag: Orascom Highlight
Latest in Tag: Orascom
Orascom Telecom announces EGP 44m losses during Q2 2016
The company reported a 56.3% increase in revenues during the second quarter of 2016
Analysts predict decline of EGX following failed Beltone-CI Capital acquisition deal
The EGX will likely decrease from 7,756 points to 7,600 points after the failure of the Beltone-CI Capital acquisition deal, said Mohamed Al-Assar
Electricity Ministry signs with EDF Suez, Toyota, Orascom to establish Gulf of Suez wind power plant
Price set at 4.7 cents per kilowatt of energy produced
Orascom seeks to complete acquisition of CI Capital
Orascom has not yet reached the reconciliation phase
Orascom Construction signs $20m contract for West Delta gas project
OC secures $200m in industrial contracts in Algeria and Egypt
Global contractor is back at home
Orascom Construction: coming full circle to build Egypt a brighter future
Orascom expected to offer firm bid to acquire CI Capital this week: Sources
Orascom began addressing private banks to guarantee 40% of deal worth, EGP 950m-1bn, sources say
Orascom hopes that Parliament will amend legislation to expand its projects: El-Mahdy
$500m to construct solar energy projects in collaboration with RIC over two years
Egypt to export solar powered energy by 2020: REC Senior VP
REC is a European company working with Orascom to build solar plants by Q3 of 2017
Statement filed to combine OCI and CF Industries
Transaction is expected to close in 2016, according OCI
NUCA finalises operation of 5 solar power stations
Stations’ energy capacity varies from 45 KWH to 90 KWH
Orascom Construction Industries registers EGP 789.6m profit in Q1 2015
Company turns to profit after registering an EGP 207.9m during the same quarter last year
Egypt’s OTMT, European REC to provide solar power integrated solutions
The implementation of solar power plants tends to be much faster than other types, such as coal and wind, says Senior Vice President EMEA at REC
Orascom, Siemens construct 2 power plants
Contract value for 4,800 MW power plant is €2bn
Orascom Development Holding registers EGP 26.6m investment gains
During Q1 of 2014, investments gains recorded EGP 39.5m
Ministry of Finance approval necessary for solar energy project: Orascom official
Orascom Telecom awaits solar energy project PPA, says deputy executive director
Orascom Development Holding sees loss in Q1 of 2015
Company has made losses worth CHF 37.963m, compared to profits made in same period last year amounting to CHF 3.9m
Lower production in Egypt pushes OCI NV’s total production down
Company says gas shortages have resulted in significant decline
Summit’s 3rd day shows rise in renewable energy sector MoUs
Several Memorandum of Understandings (MoUs) were signed between international companies and the Ministry of Electricity regarding solar energy projects. MoUs were signed between Tharwa Investments and Electricity Holding Company to establish a coal-fired power plant with 6,000MW at a total value of $9.6bn. “We met 10 days ago, and now we are signing a MoU,” …
Disputes with investors: Government attempts to turn a new leaf
Government attempts to finalise land settlements with investors
Emaar, Orascom Constructions listings approved days before Economic Summit
OCI is the first foreign company to list its shares in EGX due to the dual listing system in the form of shares rather than Egyptian certificates of deposit for approximately 20 years.
Orange buys last OTMT owned stake in Mobinil
OTMT CEO Naguib Sawiris sold part of his Mobinil shares to Orange in 2012, with latest deal the sale of last 5% minority stake in Mobinil
Work under construction worth $5.6bn until September 2014: OCI Managing Director
We added $900m more to construction works, says Osama Bishai
Orascom Construction Ltd submits listing request
Company expected dates of Egyptian offer to be between 1 March and 4 March
OCI’s engineering and construction branch starts demerging
Demerged engineering and construction arm will be dually listed in Egypt and Dubai
Government postpones Economic Summit to avoid Chinese New Year
Dispute surrounding Kuwaiti grant valuing $1bn, Ministry of Finance confirms its arrival, International Cooperation denies
OCI NV pursues dual listing in Egypt, UAE
Company is targeting to list on the two exchanges during the first quarter of 2015
Finance ministry mulls formation of ETA-Orascom committee: Former Head ETA
Company was acquitted by the prosecutor general on the tax evasion case, invalidating the prison sentence on Nassef Sawiris
Nassef Sawiris imprisonment verdict suspended
Company says lawsuit was filed by the ETA prior to the prosecutor general’s decision to acquit the company
Kuwait’s Zain says sued for $4.5bn over Iraq Telco buy
Reuters – Zain is being sued for $4.5bn over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse statement on Sunday. Zain bought Iraqna for $1.2bn from Orascom Telecom in December 2007 after the Egyptian firm dropped out of the running for a long-term mobile licence in Iraq. The …