Orascom Egypt, IFC sign $157m green tourism agreement
Orascom Development Egypt signed a $157 million concessional financing agreement with the International Finance…
Browsing Tag
Orascom Development Egypt
Orascom denies reports Ukrainian president’s family own villa in Egypt’s El Gouna
Orascom Development, the owner of the upscale Red Sea resort of El Gouna, denied on Wednesday media reports that…
Egypt’s Orascom Development profits rise by 57.7% in Q2
Egypt's Orascom Development profits rose by 57.7 percent during the second quarter of 2023 to 622.1 million…
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…
Orascom signs $151m deal with Egypt government for El Gouna project
Orascom Development Egypt (ODE) has signed a $151 million milestone agreement with the Egyptian authorities…
Orascom Development Egypt approves due diligence for SODIC takeover offer of ORE
Egyptian property developer SODIC has received an approval from Orascom Development Egypt to go ahead with the due…
Egypt’s SODIC offers to acquire 100% of Orascom Real Estate
Egyptian property developer SODIC has submitted on Monday a non-binding cash offer to acquire 100 percent share…
Orascom Development Egypt signs EGP 1.5 bln financing with CIB Egypt
Orascom Development Egypt (ODE) announced on Sunday that its subsidiary Orascom for Real Estate (ORE) has signed a…
Orascom Development Egypt H1 net real estate sales surge 16.9%
Orascom Development Egypt (ODE) reported on Tuesday a 16.9 percent growth in net real estate sales to 4.7 billion…
Orascom Development Holding aims to lower its CHF 454 million debt portfolio – exec…
Egypt’s Orascom Development Holding aims to decrease its current debt portfolio which is worth CHF 454 million…
Orascom Development Egypt H1 net profit soars 342%
Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding AG (ODH), reported on Monday a 342.28…
Orascom Development Egypt seen a decline in its profits during 2020
Orascom Development Egypt (ODE) said on Tuesday its consolidated net profits - including minority shareholders’…
Orascom Development Egypt is selling its stakes in own affordable housing arm
Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35 percent stake in affordable…
Orascom Development sells EGP 104.8 mn land plot in El Gouna to Mangroovy Hotels
Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to Mangroovy Hotels for 104.8 million…
Orascom Development Egypt’s profits slump 51% in Q1
Orascom Development Egypt (ODE) net profit has been down by 51.29 percent during the first quarter of 2020…
Orascom Development to build two new schools in west of Cairo
Orascom Development Egypt has signed on Monday an agreement with Cairo for Investment and Real Estate Development…
Kent College to open its first campus in Orascom Development’s flagship
Orascom Development Egypt (ODE) has signed a School Development Agreement with a private investor to develop a K-12…
Orascom Development sees EGP3.5bln in O West sales during 2019
Orascom Development Egypt (ODE) has achieved total sales of 3.5 billion Egyptian pounds in its flagship O West …
Orascom Development seen establishing O-WEST during Q4 2019
Orascom Development Egypt (ODE) to start implementing its new flagship O West during the fourth quarter of 2019.
ODE announces official launch of its first project “O West” in 6th October
Orascom Development Egypt announced the official launch of O West in in 6th October following Following the huge…
EGX approves Orascom Development Egypt as new name for OHD
Orascom Hotels and Development’s (OHD) shares will trade under the new name of Orascom Development Egypt, which…