MOVES- Orascom Development Egypt (ODE) has appointed ex-McKinsey & Company senior partner Omar El Hamamsy (LinkedIn) its new CEO, according to a statement (pdf). El Hamamsy spent 18 years at McKinsey advising multinationals in the Middle East and Europe on transformation, corporate strategy, M&A and marketing.

Mohamed Al Zallat has been appointed as the head of the Industrial Development Authority (IDA), according to a Trade and Industry Ministry statement. Al Zallat, who previously served as deputy head of projects at the Armed Forces Engineering Authority, will serve for a one-year term or until a new board of directors of the IDA is formed. Al Zallat succeeds Magdy Ghazi, who was appointed earlier this year as acting president.

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