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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…
Real estate
IDG aims to open first factory in New Alamein in 1Q2020
INVESTMENT WATCH- First factory in New Alamein to open in 1Q2020: The Industrial Development Group (IDG) aims to complete the…
Emaar to pay El Nasr EGP 100 mn to settle dispute
DISPUTE WATCH- Emaar to pay El Nasr EGP 100 mn to settle dispute: Property developer Emaar Misr has agreed to…
The AU summit was the talk of the night on Egypt’s airwaves
It was yet another night of intense focus on African diplomacy on the airwaves last night as the African Union’s…
NACC begins talks with major banks for EGP 20 bn financing
The New Administrative Capital Company (NACC) has begun preliminary talks with a number of local banks to secure EGP 20…
Egypt’s new admin capital airport launches trial operations
Trial operations at the new administrative capital’s Capital International Airport are scheduled to begin tomorrow, sources from the Civil Aviation…
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…
Emaar, El Nasr sign dispute resolution agreement
DISPUTE WATCH- The Emaar vs. El Nasr beef is finally over: Property developers Emaar Misr and state-owned El Nasr Housing…
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