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Orascom Development Egypt plans hotel expansions in El Gouna
Real estate developer Orascom Development Egypt is planning to add 200-250 hotel rooms in the Red Sea resort of El…
ODE to launch new real estate project in El Gouna in September
Orascom Development Egypt (ODE) will launch a new real estate project in El Gouna to coincide with the El Gouna…
ODE sells 51% stake in Oberoi Zahra for USD 4 mn
Orascom Development Egypt (ODE) has sold its 51% stake in Oberoi Zahra, a Nile cruise floating boat, to a private…
ODE to open two new Gouna hotels in coming months
Orascom Development Egypt (ODE) will open two new hotels in Red Sea resort town El Gouna in the coming few…
Germany removes travel ban restrictions on Taba
Germany has removed flight restrictions to Taba, allowing direct flights to the Sinai city, the country’s foreign ministry said. “The…
ODE offloads 87% stake in Tamweel for EGP 313 mn
M&A WATCH- ODH to use proceeds from Tamweel sale to pay down debt: Orascom Development Egypt (ODE) will use EGP…
Ebtikar-led consortium completes acquisition of ODH’s 87% stake in Tamweel Group
M&A WATCH- Ebtikar-led consortium completes acquisition of ODH’s 87% stake in Tamweel Group: A consortium of funds including B Investments’…
Orascom Development signs debt rescheduling agreement with Egyptian banks
Orascom Development Egypt (ODE) signed a CHF 228.1 mn (EGP 3.8 bn) debt rescheduling agreement with Egyptian banks that will…
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