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Kudos: Celebrating Festivus with the best of us
Celebrating Festivus with the best of us: With 2021 coming to a close and as we reflect on the goings…
Samih Sawiris to step down as ODH chairman
Samih Sawiris is stepping down from his role as Orascom Development Holding (ODH) chairman and handing the torch to his…
Earnings season still going strong: Ezz Steel, ODE, AMOC, Prime Holding, RCC, and B Investments report results
Ezz Steel posted a net income of EGP 1.4 bn in 3Q2021, after seeing a loss of EGP 1.3 bn…
THIS EVENING: Egypt, Greece to build subsea cable + High-speed rail line is on “fast track.” ALSO: Flames put out at El Gouna Film Festival Venue
…and that’s a wrap on what has felt like a particularly long Wednesday, ladies and gentlemen. We’ll be back in…
Nicola Kheir appointed El Gouna general manager
Orascom Development Egypt has appointed Nicola Kheir the general manager of El Gouna, according to a statement (pdf).
Fawry, MM Group, ODE all report stellar earnings in 2Q2021
EARNINGS WATCH- Fawry’s net income rose 7% to EGP 51.4 mn in 2Q2021, up from EGP 47.9 mn in the…
El Gouna developer fighting USD 34 mn fine
The Environment Ministry is asking Orascom Development Egypt to cough up almost USD 34 mn, alleging that the company has…
Earnings Watch: Orascom Development, Arabian Cement, AT Lease
Orascom Development Egypt’s saw an almost 5x rise in net income in 1Q2021, reporting (pdf) this morning EGP 438.5 mn…
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