An Egyptian court will issue a final ruling on Oct. 28 that may clear Nassef Sawiris, billionaire …
Tag:
Lafarge
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Industry & Trade
Egyptian Court Ratifies Tycoon Nassef Sawiris’ 3-Year Jail Sentence
by Yomna Yasserby Yomna YasserAn Egyptian misdemeanour court ratified Sunday a court order sentencing billionaire construction tycoon Nassef Sawiris to three …
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European stocks dropped Monday, hit in the wake of Friday’s selloff on Wall Street that left the …
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Industry & Trade
Egypt’s Cabinet Approves Use of Coal for Power Generation
by Yomna Yasserby Yomna YasserEgypt’s cabinet on Wednesday approved the use of coal for power generation after a fierce debate within …
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Industry & Trade
Egypt’s Public Prosecutor Fully Exonerates Sawiris’ OCI of Tax Evasion Claims
by Yomna Yasserby Yomna YasserOCI N.V. (Euronext: OCI) announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s Egyptian …
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Financial Institutions
Gras Savoye Egypt Inaugurates its Second Affiliate Abroad, in Jordan
by Yomna Yasserby Yomna YasserGras Savoye Egypt – Insurance Broker inaugurated its new branch in the Hashemite Kingdom of Jordan on …
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Industry & Trade
Egypt: OCI’s Referral to Prosecution is ‘Inevitable’ over EGP900mn Tax Arrears
by Yomna Yasserby Yomna YasserThe decision to refer Orascom Construction Industries (OCI) – which is owned by Egyptian business tycoon Nassef …
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Industry & Trade
OCI Reportedly Defaults in Paying EGP900mn Tax Arrears
by Yomna Yasserby Yomna YasserOrascom Construction Industries (OCI), which is owned by Egyptian business tycoon Nassef Sawiris, has delayed in paying …
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French cement maker Lafarge’s (LG.FR) net profit was stable in the third quarter despite lower sales thanks …
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Lafarge confirmed its goal to shrink debt below 10 billion euros ($13 billion) this year and said …