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"Orascom"

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Business - Economy
1/16/2024 5:46:14 PM
The Arab Bank has signed an EGP 4.2 billion (nearly $136 million) agreement with mega company Orascom Construction to implement the fourth phase of Cairo Metro's fourth line, according to statement by the bank on Tuesday.

Business - Markets & Companies
12/13/2023 2:30:46 PM
UAE-based company B Investments is inching closer to finalizing the acquisition of up to 90 percent of the Sawiris family's Orascom Financial Holding (OFH), which is valued at EGP 4.25 billion ($137.51 million), via share swap, after the conclusion of the fair value (FV) report, according to a bourse filing on Wednesday.

Business - Markets & Companies
12/5/2023 7:12:59 PM
Egyptian tycoon Nassef Sawiris is considering moving his family business entity, NNS Group, to the Abu Dhabi Global Market (ADGM).

Business - Markets & Companies
11/7/2023 2:02:21 PM
Orascom Construction signed two contracts with the National Authority for Tunnels (NAT) to contribute to two major transportation projects in Egypt, the Greater Cairo Metro fourth line and the high-speed train, according to a bourse filing on Tuesday.

Business - Markets & Companies
10/2/2023 4:32:20 PM
Egyptian mega company Orascom Investment Holding (OIH) sold subsidiaries in Brazil's São Paulo for $17.88 million, according to a bourse filing on Monday.

Egypt - Urban & Transport
9/6/2023 8:46:04 PM
The National Tunnel Authority signed a €1.7 billion deal with the Orascom Construction-French Colas Rail consortium on Wednesday to convert Alexandria’s Abu Qir Metro line into a state-of-the-art rapid transit system.

Business - Economy
9/4/2023 12:56:03 PM
Egyptian National Railways (ENR) signed a €340 million ($367.05 million) contract with the Orascom Construction and French electrical systems company Thale to develop the Cairo-Beni Suef railway corridor.

Egypt - Tourism
8/31/2023 2:55:29 PM
Orascom Development, the owner of El Gouna upscale resort town on Egypt’s, denied reports that the family of Ukrainian President Volodymyr Zelensky owns a villa in the resort.

Business - Economy
8/30/2023 7:40:00 PM
The Cabinet has granted 852 square kilometres to an international consortium, led by the Egyptian giant Orascom Construction, to build a new massive wind farm in West Sohag in Upper Egypt with a capacity of three gigawatts.

Business - Economy
6/20/2023 7:42:21 PM
The Egyptian giant Orascom Industrial Parks signed a $120 million deal with the Indian packaging solutions company Flex Accipto to expand its plant in Sokhna within the Suez Canal Economic Zone (SCZONE).

Business - Markets & Companies
6/18/2023 1:46:32 PM
The Sawiris family's Orascom Financial Holding (OFH) has received an acquisition offer for up to 90 percent of its shares by investment management firm B Investments, according to a bourse filing on Sunday.

Egypt - Urban & Transport
9/24/2022 5:52:51 PM
Three Egyptian giant construction companies won five awards in the 2022 Global Best Projects Juried Competition organised by Engineering News-Record magazine (ENR), a leading global industry publication.

Business - Economy
7/26/2022 4:12:00 PM
Orascom Financial Holding, which is owned by well-known Egyptian millionaire Naguib Sawiris, has accepted an offer extended by UAE-based Chimera Investments to acquire a controlling stake in Egypt-based Beltone Financial Holding — an Orascom subsidiary.

Business - Markets & Companies
6/22/2022 5:58:50 PM
Egypt's National Authority for Tunnels (NAT) awarded on Tuesday Thales and its partners Orascom Construction and Colas Rail a contract to design, supply, deploy, and maintain for two years years the first phase of Metro Line 4.

Business - Energy
10/14/2021 4:23:25 PM
The Ministry of Electricity and Renewable Energy and a multinational consortium signed two agreements on Wednesday planning a wind power farm with a capacity of 500 megawatts in the Gulf of Suez region.

Business - Energy
10/5/2021 4:16:26 PM
Egypt and Saudi Arabia awarded contracts to two companies on Tuesday for the implementation of a project to link their power grids and allow the exchange of up to 3,000 MW of electricity at a value of $1.8 billion.

Al-Ahram Weekly - Economy
9/7/2021 9:00:27 PM

Al-Ahram Weekly - Economy
8/17/2021 8:47:46 PM

Egypt - Politics
6/29/2021 2:10:02 PM
Onsi Sawiris is the father of the famous Egyptian businessmen Naguib, Nassef, and Samih Sawiris and the founder of the Orascom conglomerate in 1950

Egypt - Politics
12/26/2020 11:48:54 AM
The first phase of the underground line will extend for 19 kilometres, through 16 stations

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