Egypt boosts renewable energy with $800m projects
Egypt signed new renewable energy projects agreements totalling over $800 million that involve the production of…
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Orascom
Egypt approves 150 MW wind power expansion project
The Egyptian Cabinet approved on Wednesday a proposal from the consortium of Engie, Toyota, and Orascom to expand…
Orascom Construction buys 6.51mln treasury shares
Orascom Construction bought 6.51 million treasury shares for $19.5 million, accounting for three dollars per share.
Orascom Investment restructures companies in Brazil, Netherlands
Orascom Investment board of directors has agreed on restructuring some of its companies in Brazil and the…
Orascom Development records 45.2% profit increase in 2022
Orascom Development Egypt (ODE) has recorded a net profit up 45.2 percent to record 1.9 billion Egyptian pounds…
Egypt’s monorail begins trial operation ahead of COP27 – ministry
Egypt’s Ministry of Transport intends to start the trial operation for monorail trains from the maintenance…
Siemens Gamesa says commercial operations start at Egypt’s biggest wind farm
German-Spanish wind energy company Siemens Gamesa said on Tuesday that commercial operations had begun at Egypt’s…
German Siemens, Egypt’s Orascom sign deal to rebuild Iraq power plant
Siemens and Orascom Construction signed an agreement on Saturday with the Iraqi government to rebuild two power…
Egypt’s Orascom Investment backs away from Nile Sugar acquisition
Orascom Investment Holding, owned by Egyptian billionaire Naguib Sawiris, said on Tuesday it will not pursue with…
Egypt assigns construction works of a diplomats city in New Capital to two firms
The construction works of the diplomatic city in the New Administrative Capital have been assigned to two major…
