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positions. Big caps that are usually among the most heavily traded among foreign investors, such as CIB and Orascom Telecom, weighed on the EGX30 index. Shares in CIB slid 3.9 percent and Orascom Telecom lost 5.8 percent, their biggest single day decline
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Blue chips drag Egypt to two-week low
Finance: Egyptâs stock exchange benchmark started week on negative sentiment to decline by 2.32 %, weighed by Orascom Telecom and Orascom Constructions, on Sunday to close session at 6,366.82 points, compared to 6,517.94 points in Thursday session.
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EGX30 starts week on negative sentiment by 2.32 % retreat on Sunday
expecting negative investor sentiment to remain as a global slump of world stocks continues. Telecom firms Mobinil and Orascom Telecom (OT) weighed on the market on fears Greece’s debt struggle could crush other European economies. ‘The market’s
Arab Finance: Orascom Telecom (ORTE) started to select a number of advisors informed with Algerian legislations to strengthen company position in the negotiation, which scheduled to start current week. In first round of
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OT may offer cash settlement to buy Algerian veto, paper
the report. MTN Group Ltd, Africa’s largest mobile phone company, said it is still in talks with Orascom Telecom Holding SAE. MTN said on April 28 that it was in negotiations to buy all or part of Orascom Telecom, the biggest mobile phone company by
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RComm shares fall after MTN denial
DUBAI – Emirates Telecommunications Corp (Etisalat) has not bid for the Algerian unit of Orascom Telecom, a spokesman for the UAE telecoms provider said yesterday. “We did not discuss with Orascom and did not make an offer,” Ahmed bin Ali said. On
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UAE denies Djezzy talks
fourth licence if offered by Egyptian government,â Tantawy said, adding that no decisions have been made yet. Orascom Telecom dropped 0.55 % to close session at L.E 5.47. Banking sources said South African telecoms operator MTN Group is set to
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EGX30 starts week on negative sentiment, down by 0.43 % on Sunday
Arab Finance: Orascom Telecom (ORTE) received an initial estimated tax request amounts to $ 11 million from Burundi Government for its Burundian unit (Telecel Globe). It is worth noting that, this request from
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Burundi requests $ 11 m initial taxes from OTs Telecl
Motors brought by an Egyptian distributor who claims Mitsubishi unfairly ended its contract. THURSDAY, MAY 27 CAIRO – Orascom Construction Industries due to issue first quarter results. MONDAY, MAY 31 CAIRO – Egyptian court hears final suit of two cases
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DIARY – Egypt/Sudan – May 23
Demonstrating its leadership strategy and as a major player in the global telecommunications market, Orascom Telecom Holding (OTH), together with Alfa, the first Lebanese mobile operator managed by Orascom Telecom since February 2009, announced their
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Orascom Telecom & ِAlfa back ARABCOM 2010 Summit as Strategic Partners
