France-based SDMO Industries, the world’s 3rd largest company for power generating sets, is targeting sales of €10 …
OCI
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Industry & Trade
Orders Fall at OCI’s Construction Arm as Readies Listing
by Yomna Yasserby Yomna YasserThe construction arm of Egypt’s OCI NV posted a 15 percent drop in new orders in the …
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Industry & Trade
Nassef Sawiris: Egypt Economy Needs EGP200bn Annual Investments
by Yomna Yasserby Yomna YasserEgypt needs to allure investments worth 200 billion Egyptian pounds (around $28 billion) per year to revive …
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In a week, Egypt’s stock Exchange (EGX) gained 15.3 billion Egyptian pounds. In addition, the country’s main …
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Industry & Trade
Orascom Construction Industries, UAE’s IPIC to Develop Power Plant in Egypt
by Yomna Yasserby Yomna YasserOrascom Construction Industries (OCI) is planning to jointly built a coal-fired power plant in Egypt in partnership …
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Industry & Trade
UPDATE: Nassef Sawiris Plans ‘Huge’ Investments in Egypt after Tax Victory
by Yomna Yasserby Yomna YasserFollowing the resolution of a tax dispute with Egypt’s tax authority, Egyptian billionaire Nassef Sawiris said on …
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Industry & Trade
Orascom Construction Industries Terminates ADRs and GDRs Programs
by Yomna Yasserby Yomna YasserOCI N.V.’s Egyptian subsidiary, Orascom Construction Industries S.A.E. (OCI S.A.E.), announced Monday that it will terminate its …
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The final ruling related to Orascom Construction Industries (OCI)’s ongoing tax dispute with Egypt’s Tax Authority was …
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Industry & Trade
Egyptian Tycoon Naguib Sawiris Blames ‘Cowardly’ Minister for Tax Dispute
by Yomna Yasserby Yomna YasserIn a television interview Monday night, Egyptian billionaire Naguib Sawiris slammed the government’s handling of his brother …
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Industry & Trade
Egypt Court to Rule in Sawiris Tax Dispute in October: OCI
by Yomna Yasserby Yomna YasserAn Egyptian court will issue a final ruling on Oct. 28 that may clear Nassef Sawiris, billionaire …