Orascom Telecom Media and Technology Holding (OTMT) announced in a bourse filling Monday its decision to withdraw …
Tag:
Naguib Sawiris
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Tech news
Egypt’s Sawiris to invest $250m in ailing Brazilian telecom operator
by Ghada Ismailby Ghada IsmailEgyptian billionaire, Naguib Sawiris, is set to invest $250 million to bolster troubled Brazilian telecom company, Oi, …
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Banks
Egypt’s CIB to finalise sale of 70% in CI Capital ‘in hours’ – Reuters
by Yomna Yasserby Yomna YasserEgypt’s largest listed bank, Commercial International Bank (CIB) is seeking to sell 70 percent of its investment …
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Industry & Trade
Business tycoon Sawiris hails Egypt currency floating move
by Yomna Yasserby Yomna YasserEgyptian business tycoon Naguib Sawiris, chairman of Orascom Telecom Media & Technology (OTMT), has hailed the central …
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Banks
Egyptian asset manager Beltone Financial acquires 60% of U.S. Auerbach Grayson
by Yomna Yasserby Yomna YasserEgypt’s largest asset manager Beltone Financial announced on Tuesday it had acquired 60 percent of New York-based …
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EGX
Egyptian tycoon Abu Hashima’s media company picks FEP Capital for IPO
by Yomna Yasserby Yomna YasserEgyptian Media Company, owned by business tycoon Ahmed Abou Hashima, has picked investment bank FEP Capital as …
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Tech news
Orascom Telecom says Q1 net profit fell to 48.733 mln Egyptian pounds
by Yomna Yasserby Yomna YasserEgypt’s Orascom Telecom Media and Technology Holding (OTMT) said Thursday its first quarter net profit had dropped …
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Industry & Trade
Sawiris’ OTMT plans investing in Egypt’s food, agricultural industries sector
by Noha Gadby Noha GadEgypt’s Orascom Telecom Media and Technology Holding company (OTMT) -owned by tycoon Naguib Sawiris – is currently …
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Financial Institutions
Sawiris’ Beltone Financial says Q1 net profit jumps 132%
by Yomna Yasserby Yomna YasserEgypt’s Beltone Financial, a unit of billionaire businessman Naguib Sawiris’s OTMT, reported a 132 percent jump in …
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EGX
Beltone files lawsuit against heads of Egypt bourse and watchdog: sources
by Yomna Yasserby Yomna YasserEgypt’s Beltone Financial has filed a lawsuit against the heads of the country’s stock exchange and Financial …