DUBAI, United Arab Emirates, June 28, 2006 (PRIMEZONE) -- Canadian Ambassador to Egypt, Mr. Philip Mackinnon, and Senior Trade Commissioner, Mr. Richard Dubuc, visited Orion Intercap's office yesterday in part of their effort to identify and encourage Arab-Canadian business ventures. The esteemed guests arrived for an office visit and were later invited to a lunch honoring their presence. The Canadian Embassy in Cairo is a leader in promoting Canadian interest and opportunities and serves as a great resource for easing such cooperation.
Orion Intercap, a subsidiary of Orion Holding Overseas, is a partnership between U.A.E., Canadian Egyptian, and Syrian shareholders. The firm specializes in financial advisory and is dedicated to Investment Banking activities (mergers & acquisitions, capital raise & valuations) serving corporations, institutional investors and private clients across the Middle East region. The recently launched company is based in Cairo with affiliates covering the Middle East, North Africa and North American regions.
Mr. Rafik Dalala, Orion Intercap's Managing Director, and Mr. Moatamar Daader, Partner, discussed the new company's business lines and invited the honorary guests to an executive lunch where topics discussed were general Arab-Canadian business cooperation. Ambassador Mackinnon expressed his fascination with this project and the increasing interest amongst Canadian and Arab businessmen to venture into new businesses, a trend that proves the good-standing and growth of Arab-Canadian cooperation and trust. The Ambassador lauded the progress and the new tax and fiscal reforms Egypt and the overall region are undergoing, saying that he sees great opportunities from both sides to be explored in the future.
When asked about the condition of Arab and Egyptian Canadians, Ambassador Mackinnon remarked that they are in an excellent standing and that they represent a great asset to both Canadians and Arabs that can be crucial in advancing trade, joint ventures and mergers & acquisition activities between Canada and the Middle East.
About Orion Holding Overseas:
Orion Holding Overseas is a well-established and diversified investment group of companies located in Switzerland, Jordan, Egypt, Turkey and recently in Kuwait, head-quartered in the U.A.E. Orion Holding Overseas specializes in Middle Eastern growth companies and growth oriented investors. We are a fast-growing, independent company with experienced finance professionals serving the needs of large corporations, institutional investors, and private clients.
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