A NEW WORLD BANK EGYPT CHIEF-

The World Bank has appointed Stephane Guimbert (LinkedIn) as country director for Egypt, Yemen and Djibouti, effective 1 August. Guimbert has worked at the World Bank for the past 22 years and has occupied senior positions at the lender and its sister financial institution, the International Bank for Reconstruction and Development. He comes to Cairo after serving as a director of operations policy in Washington.

Guimbert replaces Marina Wes (LinkedIn) who had headed up the World Bank’s operations in Cairo since 2019. She has moved to Brussels to serve as the Bank’s country director for the EU.

NEW CEO FOR ORASCOM DEVELOPMENT’S HOTELS DIVISION-

Orascom Development has appointed Stuart Leven (LinkedIn) as the new CEO of Orascom Hotels Management (OHM), the developer said in a press release (pdf). Leven has a decade of experience in hospitality, including serving as a vice president at InterContinental Hotels Group (IHG) for over three years. He joins Orascom after a two-year stint as a director at business consultancy Aspectus Associates.

HELIOPOLIS HOUSING APPOINTS NEW CHAIRMAN-

Heliopolis Housing and Development has appointed Mohamed El Menshawy as its chairman, the state-owned real estate developer said in a statement (pdf) to the EGX on Sunday. El Menshawy takes over from Khaled El Adli, who will continue serving as a member of the board of directors, the statement said.

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