{"id":646757,"date":"2017-06-22T04:13:37","date_gmt":"2017-06-22T04:13:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/"},"modified":"2017-06-22T04:13:37","modified_gmt":"2017-06-22T04:13:37","slug":"orascom-hotels-and-development-now-called-orascom-development-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/","title":{"rendered":"Orascom Hotels and Development now called Orascom Development Egypt"},"content":{"rendered":"

Orascom Hotels and Development\u2019s EGM voted yesterday to change the name of the <\/strong>company to Orascom Development Egypt<\/strong>, according to a bourse disclosure<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Hotels and Development\u2019s EGM voted yesterday to change the name of the company to Orascom Development Egypt, according to a bourse disclosure.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646757","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7d224a0a-1a39-4356-a741-4b3b32ebe02b","order":"0","is_powered_by":true,"section_story_id":"cab7dae1-56b9-4eca-8089-8b518ee187e2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646744],"teaser":"","voice_url":""},"yoast_head":"\nOrascom Hotels and Development now called Orascom Development Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Hotels and Development now called Orascom Development Egypt\" \/>\n<meta property=\"og:description\" content=\"Orascom Hotels and Development\u2019s EGM voted yesterday to change the name of the company to Orascom Development Egypt, according to a bourse disclosure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-22T04:13:37+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orascom Hotels and Development now called Orascom Development Egypt\",\"datePublished\":\"2017-06-22T04:13:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/\"},\"wordCount\":33,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/orascom-hotels-and-development-now-called-orascom-development-egypt\/\",\"name\":\"Orascom Hotels and Development now called Orascom Development Egypt - 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The company\u2019s bottom line was weighed down by FX losses, according to a regulatory filing.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647689,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/earnings-watch-sodic-orascom-hotels-and-development-orascom-development\/","url_meta":{"origin":646757,"position":1},"title":"Earnings Watch: SODIC, Orascom Hotels and Development, Orascom Development","author":"enterpriseam admin","date":"17 May 2017","format":false,"excerpt":"EARNINGS WATCH- Our friends at SODIC reported a 321% y-o-y increase in net profit to EGP 211 mn in 1Q2017. The increase came on a 275% y-o-y increase in revenues \u201creflecting the ramp up in delivered units. Revenues were bolstered by deliveries in Eastown Residences and Westown Residences that combined\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633041,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/orascom-development-announces-agreements-to-sell-non-core-assets\/","url_meta":{"origin":646757,"position":2},"title":"Orascom Development announces agreements to sell non-core assets","author":"enterpriseam admin","date":"26 February 2018","format":false,"excerpt":"Orascom Development enters agreements to sell non-core assets, will use proceeds to pay down debt: Orascom Development Egypt (ODE) announced signing two final agreements to sell non-core assets. ODE will sell 100% of its equity stake in Tamweel Group and its stake in Makadi Gardens, Royal Azur and Club Azur,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572045,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/earnings-watch-orascom-development-eastern-company\/","url_meta":{"origin":646757,"position":3},"title":"Earnings Watch: Orascom Development, Eastern Company","author":"enterpriseam admin","date":"9 June 2020","format":false,"excerpt":"EARNINGS WATCH- Orascom Development profits fall 50% in 1Q2020: Orascom Development Egypt (ODE) profits fell 51% year-on-year to EGP 92 mn in 1Q2020 as the disruption caused by the covid-19 pandemic hurt its tourism operations, according to the company\u2019s earnings statement (pdf). \u201cDespite the disruptions caused by covid-19, ODE is\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596220,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/earnings-watch-orascom-development-egypt-arabian-cement\/","url_meta":{"origin":646757,"position":4},"title":"Earnings watch: Orascom Development Egypt, Arabian cement","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"EARNINGS WATCH- ODE doubles y-o-y profit to EGP 205 mn in 2Q2019: Orascom Development Egypt (ODE) doubled its net profits in 2Q2019 to EGP 205.2 mn, up from EGP 101.5 mn in the same period last year, according to an EGX earnings statement (pdf). 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