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Contrarian investor eyes Cuba

Orascom, the Egyptian telecoms group, always has an eye on the next opportunity and is thinking about the possibilities in Cuba as the country's leader liberalises the economy

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Orascom Telecom - results

Orascom Telecom posts strong results in Asia Orascom Telecom the parent company of Mobilink has posted impressive Q1- 08 results sustaining its business growth in the Asia region due to sustainable performance by Mobilink in a challenging business environment. The Egyptian telecom company, a leading player in the Middle East, Africa, Pakistan and Bangladesh regions, posted a strong set of Q1 results...

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Component Changes Made to Dow Jones CASE Egypt Titans 20 Index

NEW YORK, May 9, 2008 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones CASE Egypt Titans 20 Index. Orascom Hotels and Deve.. - Read more

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Shuaa Capital signs deal to build and operate hotels in Egypt

Orascom Hotel Holdings, an Egyptian hotel operator, said it will join Shuaa Capital to build and operate five hotels, catering for businessmen in Egypt. Original post Click Here

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Vodafone, RCom out of MTN race

UK-based Vodafone and Reliance Communications (RCOM), who were being touted as potential bidders for South Africa’s MTN, are likely to stay out of the race. In such as scenario, the only serious competitors to Bharti Airtel may turn out to be China Mobile and Orascom. However, so far, there have been no official confirmations from either [...]

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Orascom Telecom adds 4 mln subscribers in Q1

(Telecompaper) Orascom Telecom reported first-quarter net profit up 25 from a year ago to USD 210 million, buoyed by subscriber growth. The mobile company's subscribers exceeded 74 million at the end of March, after 4 million customers added during the quarter, up 38 percent from the first quarter of 2007. Revenue grew 22 percent to [...]

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Egypt Orascom Telecom 1Q Net Profit Up 24%

[CN+] Egypt's Orascom Telecom Holding said Wednesday its first-quarter net profit rose 24% to $226.2 million from $182.8 million a year earlier, largely on the back of subscriber growth.

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Lafarge profits beat forecasts

PARIS (Reuters) - Lafarge , the world's largest cement maker, reported a 48 percent rise in first-quarter operating profit on Wednesday as the acquisition of Orascom Cement, cost savings and strong prices earnings.

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Lafarge profits beat forecasts

PARIS (Reuters) - Lafarge , the world's largest cement maker, reported a 48 percent rise in first-quarter operating profit on Wednesday as the acquisition of Orascom Cement, cost savings and strong prices earnings.

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MSN sets up Maghreb portal

MSN has set up a Maghreb portal through a joint venture between Microsoft and LINKdotNET to provide international and local news and entertainment content in the Maghreb region. LINKdotNET is the managing operator of MSN Arabia and a wholly-owned subsidiary of Orascom.

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MSN Unveils Maghreb Portal

MSN Unveils Maghreb PortalOnline news, entertainment and local content services will be tailored for one of world's highest youth markets Steve Ballmer, CEO, Microsoft Corporation and Khaled Bichara, Board Member of Orascom Telecom Holding, recently launched a new MSN Maghreb portal at a press conference in Skhirat.

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Microsoft, Orascom unveil news and entertainment content portal

(Telecompaper) Microsoft and Orascom Telecom have launched the MSN Maghreb portal. The new MSN Maghreb portal is a joint venture between Microsoft and LinkdotNet and will provide international news, local news and entertainment content. The MSN Maghreb portal will provide access to up-to-the-minute local and global news including entertainment, gossip, information about local events, communities...

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Weather Investments to reduce stake in Orascom

Italian holding company Weather Investments said it plans to participate in Orascom Telecom's offer to buy back up to 106 million of its shares. Weather said it intends to cash in part of its stake, while keeping its ownership of Orascom over 50%. Orascom is offering to buy back up to 10.3% of its own shares as a way to dispose of cash surpluses it says it cannot easily invest...

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Underbelly of Egypt’s Neoliberal Agenda

Joel Beinin April 5, 2008 (Joel Beinin is director of Middle East studies at the American University in Cairo and a contributing editor of Middle East Report.) http://www.merip.org/mero/mero040508.html It was business as usual for Orascom, a gigantic Egyptian conglomerate with major interests in everything from Cairene highway construction to Red Sea luxury resorts to cell [...]

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Orascom secures USD 2.5 bln debt facility

(Telecompaper) Mobile operator Orascom Telecom has closed the amendment and restatement of its USD 2.5 billion five year senior secured debt facility. General syndication was launched on 29 February and closed on 14 April and was 45 percent oversubscribed. The amendment restores the availability of the original USD 2.5 billion (including amounts previously repaid) and extends the tenure back...