Over half of World Bank-financed private sector projects in Egypt have shell companies in tax havens
In 1989, Egyptian billionaire businessman Nassef Sawiris walked in to a trade fair at the Marriott Hotel in Cairo. Various luxury goods were exhibited alongside high-end furniture and expensive antiques.
Two companies owned by the Sawiris family agreed last week to settle alleged violations of the Clean Water Act by paying a…
Egypt’s economy has stagnated since the 2011 revolution, pushing millions into poverty, but one group isn’t feeling the pain: Egypt’s billionaires, whose…
Orascom Construction Limited commenced trading on the Egyptian stock exchange Wednesday, making it the first company to be dually listed in Egypt…
Orascom Construction, the mammoth cement and engineering firm owned by Egypt’s richest man, Nassef Sawiris, today announced plans to construct a coal-fired…
The Egyptian Tax Authority’s (ETA) independent appeals committee ruled in favor of OCI N.V.’s subsidiary — Orascom Construction Industries (OCI S.A.E.) —…
A year after de-listing from the Egyptian stock exchange, OCI NV CEO Nassef Sawiris announced on Wednesday that his company plans to…
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