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Samih Sawiris becomes ODH interim executive chairman
MOVES- Samih Sawiris has assumed the role of executive chairman at Orascom Development Holding, Reuters reports. Sawiris will be assisted…
Abdel Hamid Abu Youssef, Ashraf Nessim appointed as ODE interim execs
MOVES- Abdel Hamid Abu Youssef and Ashraf Nessim have been appointed as interim executive officers of Orascom Development Egypt following…
What we’re tracking on 2 February 2020
The business community is mourning Khaled Bichara, who tragically passed away on Friday in a car accident on the Ring…
Deadline for HHD 10% stake + management contract bids extended until February
PRIVATIZATION WATCH- Deadline to bid for 10% stake in HHD with management rights extended until February: Heliopolis Housing & Development…
Orascom Development Egypt to launch three projects in El Gouna in 2020
Orascom Development Egypt (ODE) is planning to launch three projects in El Gouna in 2020, including a hotel and two…
Orascom Development Egypt begins phase two of Makadi Heights
Orascom Development Egypt has started work on a new phase in its Red Sea development Makadi Heights, the company announced…
Earnings watch: Orascom Development Egypt, GB Auto, Credit Agricole, Raya Holding, AMOC,
EARNINGS WATCH- Orascom Development Egypt (ODE) reported net profits of EGP 107.4 mn in 3Q2019, up from EGP 89.5 mn…
Sovereign wealth fund capital to quintuple to EGP 1 tn
Speaking of the sovereign wealth fund: Egypt’s SWF will see its initial capital rise fivefold to EGP 1 tn from…
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