{"id":636067,"date":"2017-12-20T04:06:21","date_gmt":"2017-12-20T04:06:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/naguib-reportedly-stops-service-in-dprk-prepares-for-full-withdrawal\/"},"modified":"2017-12-20T04:06:21","modified_gmt":"2017-12-20T04:06:21","slug":"naguib-reportedly-stops-service-in-dprk-prepares-for-full-withdrawal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/naguib-reportedly-stops-service-in-dprk-prepares-for-full-withdrawal\/","title":{"rendered":"Naguib reportedly stops service in DPRK, prepares for full withdrawal"},"content":{"rendered":"

<\/a> Naguib pulling out of North Korea?<\/strong> Orascom Telecom Media and Technology Holding (OTMT) reportedly stopped its service in North Korea early last month and is preparing for a full withdrawal from the country, the Korea Times reports<\/a>, citing sources. Japanese intelligence officials and industry sources say OTMT \u201chas decided to pull its network out of the North completely amid mounting pressure from the United States and the U.N. Security Council<\/strong>.\u201d As recently as September<\/a>, Chairman Naguib Sawiris was saying he has no plans to divest from North Korea, even though OTMT effectively lost control of its subsidiary there Koryolink in late 2015<\/a>. Koryolink was established in 2008 as North Korea\u2019s only 3G mobile phone network with OTMT reportedly controlling a 75% stake of the venture. \u201cThe media report noted the Egyptian company has yet to officially announce its decision to withdraw from the North, as some procedures need more time to be handled smoothly,\u201d the story adds.<\/p>\n

Naguib\u2019s presence in North Korea came under the spotlight <\/strong>after Egypt\u2019s ties to the DPRK were reportedly a factor in Washington\u2019s decision earlier this year to freeze and cut aid to Egypt<\/a>. Naguib said at the time that he had no plans to divest<\/a>. Subsequent coverage of Egypt\u2019s trade<\/a> and arms<\/a> relationships with North Korea saw Cairo quietly signal that it was backing away from its decades-long relationship<\/a> with Pyonyang.<\/p>\n","protected":false},"excerpt":{"rendered":"

Naguib pulling out of North Korea? Orascom Telecom Media and Technology Holding (OTMT) reportedly stopped its service in North Korea early last month and is preparing for a full withdrawal from the country, the Korea Times reports, citing sources. Japanese intelligence officials and industry sources say OTMT \u201chas decided to pull its network out of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636067","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"05c9ee85-8b4b-437f-b9d0-b40a1bbf4d72","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[636057],"teaser":"","voice_url":""},"yoast_head":"\nNaguib reportedly stops service in DPRK, prepares for full withdrawal - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/naguib-reportedly-stops-service-in-dprk-prepares-for-full-withdrawal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naguib reportedly stops service in DPRK, prepares for full withdrawal\" \/>\n<meta property=\"og:description\" content=\"Naguib pulling out of North Korea? Orascom Telecom Media and Technology Holding (OTMT) reportedly stopped its service in North Korea early last month and is preparing for a full withdrawal from the country, the Korea Times reports, citing sources. 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An official from Orascom Telecom Media and Technology Holding (OTMT) denied that the company is withdrawing from North Korea. Statements from the official, who spoke to Youm7 on condition of anonymity, follows a report from the Korea Times suggesting that Sawiris\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632991,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/sources-confirm-north-korea-hacked-otmt\/","url_meta":{"origin":636067,"position":1},"title":"Sources confirm North Korea hacked OTMT","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Sources confirm North Korea hacked OTMT: North Korea\u2019s hacking units did attack desktop computers and laptops at Orascom Telecom Media and Technology (OTMT), people familiar with the matter tell Bloomberg. 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Sawiris\u2019 Orascom Investment Holding (OIH, previously known as OTMT),\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624920,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/sawiris-other-gold-bugs-look-to-goose-miners-share-prices\/","url_meta":{"origin":636067,"position":4},"title":"Sawiris, other gold bugs look to goose miners\u2019 share prices","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"**#7 Sawiris, other gold bugs look to goose miners\u2019 share prices: Naguib Sawiris\u2019 La Mancha Group and a number of other investors have joined New York-based hedge fund Paulson & Co. on an initiative that means to \u201cpromote constructive engagement between the gold mining industry and the investment community,\u201d according\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630289,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/17\/investors-dont-need-to-be-bearish-on-egypt-anymore-says-naguib\/","url_meta":{"origin":636067,"position":5},"title":"Investors don\u2019t need to be bearish on Egypt anymore, says Naguib","author":"enterpriseam admin","date":"17 April 2018","format":false,"excerpt":"Investors don\u2019t need to be bearish on Egypt anymore, says Naguib: Investors should no longer be cautious when entering the Egyptian market now that the EGP float solved the country\u2019s \u201cbiggest challenge,\u201d Naguib Sawiris said in an interview with CNBC. \u201cInvestors are getting the [funds] in and out, dividends, are\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1608.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=636067"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636067\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636057"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636067"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636067"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}