Egypt’s Global Telecom Holding Company (GTH), previously Orascom Telecom Holding, reported Thursday a drop in its third-quarter …
Orascom telecom
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Tech news
Egypt-based Global Telecom reports Q2 net profit of $26.5 mln
by Yomna Yasserby Yomna YasserGlobal Telecom, the Egypt-based group formerly known as Orascom Telecom, registered a net profit of $26.5 million …
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Lebanon’s Alfa, the mobile network managed by Orascom Telecom, has signed an agreement with Ericsson to deploy …
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Banks
Egypt’s CIB, Beltone drop plans for CI Capital sale deal: sources
by Yomna Yasserby Yomna YasserEgypt’s Commercial International Bank (CIB) has dropped plans to sell its investment bank CI Capital to Beltone …
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Egypt’s bourse gave up early small gains on Tuesday, as main index slid 0.32 percent, to 7621.91 …
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Banks
CIB-Egypt approves extension for Beltone Financial’s offer for CI Capital
by Yomna Yasserby Yomna YasserEgypt’s Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire …
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Tech news
Sawiris’ Orascom Telecom 2015 net loss of 3.6 bln Egyptian pounds
by Yomna Yasserby Yomna YasserEgypt’s Orascom Telecom Media and Technology, which is owned by Egyptian businessman Naguib Sawiris, reported a net …
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Financial Institutions
Sawiris, Kanoo, IFC ink deal to acquire shares of AXA Investment Egypt
by Yomna Yasserby Yomna YasserThe Egyptian branch of the French company AXA Investment signed Monday a preliminary agreement with two companies …
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Banks
CIB approves Egyptian billionaire Sawiris’s bid to buy CI Capital
by Yomna Yasserby Yomna YasserEgypt’s largest listed lender Commercial International Bank accepted an offer by Orascom Telecom, owned by Egyptian billionaire …
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Industry & Trade
Sawiris’ Orascom, German REC to build $85 million solar park in Aswan
by Yomna Yasserby Yomna YasserEgypt’s Orascom Telecom (OTMT), owned by the country’s business tycoon Naguib Sawiris, has signed Monday a strategic …