Foreign Trade Bank

Orascom Telecom known as the Moddle East's biggest wireless company opened Ora Bank in Pyongyang, North Korea. Ora Bank is a joint venture between Orascom Telecom and North Korea's state-owned Foreign Trade Bank. This deal can be considered significant because it was done one day after Orascom became the first mobile-phone company to invest in the Stalinist state. This bank is to work in the presence of Chairman and Chief Executive Officer Naguib Sawiris.