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OIH approves restructuring proposal to demerge into two separate companies
The demerger will take place according to the company’s book value, and in accordance with its financial statements for the financial year (FY) ending on 31 December 2019. It will result in the creation of two separate companies, one demerged and one demerging.,
El Gouna sales increase 22.1% in Q2 of 2020: Orascom
ODE noted that demand for El Gouna remained strong, recording a boost in its sales progress with a 22.1% increase in total contracted and reserved units during Q2 of 2020 compared to Q2 of 2019.
Ora Developers, Orascom, Banque Misr partner on ZED Sheikh Zayed construction
Construction to be completed in three years, first phase units to be delivered by 2023
Orascom Development signs cooperation agreements establishing two International Schools at O West with EGP 450m investment
The official opening will be in 2021/2022
O West sales reached EGP 3.5bn by end of September, construction begins this quarter: Beshara
The contracts for educational zone facilities, social and sports club, retail centres, the medical zone, the hotel area, and many other vital services are being finalised, and these services will be announced during 2020.
HDB’s mortgage portfolio amounts to EGP 6.6bn: vice chairperson
Bank ready to join CBE initiative to finance middle-income housing once it comes into effect: Sebaey
ODE net sales increase by 253.4% to EGP 4.2 bn, net profit records EGP 393.8 m in 1H 2019
Total contracted real estate sales of “O West” project reached EGP 2.8bn in 1H 2019, says Sara El Gawahergy
Toyota-Orascom-GDF alliance to complete Gulf of Suez wind farm by October
Renewable energy projects attract international companies to invest in Egypt, says El-Khayat
ODE sells stake in both Royal Azur, Club Azur Hotels, land plot in Makadi for EGP 408m
“Conclusion of sale is solid testament to our continuous delivery of our strategy”: ODE CEO Bichara
Orascom establishes $500m residential project in Senegal: Samih Sawiris
Naguib Sawiris calls for expanding investor base of Supreme Council for Investment
Commercial operation of Siemens power plants to begin next week
Siemens will add 1,200MW to the electricity grid from the Beni Suef power plant, and 800MW from New Administrative Capital and Borollos power plants
TBEA, Orascom win tender for Walideya power plant
Contracts estimated at EGP 94.86m for TBEA, EGP 1.25m for Orascom
Sawiris to inject new investments in Egypt during three months
Nasr met with Sawiris and promised to resolve problems of investors and improve the business environment
Orascom Telecom announces EGP 44m losses during Q2 2016
The company reported a 56.3% increase in revenues during the second quarter of 2016
Analysts predict decline of EGX following failed Beltone-CI Capital acquisition deal
The EGX will likely decrease from 7,756 points to 7,600 points after the failure of the Beltone-CI Capital acquisition deal, said Mohamed Al-Assar
Electricity Ministry signs with EDF Suez, Toyota, Orascom to establish Gulf of Suez wind power plant
Price set at 4.7 cents per kilowatt of energy produced
Orascom seeks to complete acquisition of CI Capital
Orascom has not yet reached the reconciliation phase
Orascom Construction signs $20m contract for West Delta gas project
OC secures $200m in industrial contracts in Algeria and Egypt
Global contractor is back at home
Orascom Construction: coming full circle to build Egypt a brighter future
Orascom expected to offer firm bid to acquire CI Capital this week: Sources
Orascom began addressing private banks to guarantee 40% of deal worth, EGP 950m-1bn, sources say
Orascom hopes that Parliament will amend legislation to expand its projects: El-Mahdy
$500m to construct solar energy projects in collaboration with RIC over two years
Egypt to export solar powered energy by 2020: REC Senior VP
REC is a European company working with Orascom to build solar plants by Q3 of 2017
Statement filed to combine OCI and CF Industries
Transaction is expected to close in 2016, according OCI
NUCA finalises operation of 5 solar power stations
Stations’ energy capacity varies from 45 KWH to 90 KWH
Orascom Construction Industries registers EGP 789.6m profit in Q1 2015
Company turns to profit after registering an EGP 207.9m during the same quarter last year
Egypt’s OTMT, European REC to provide solar power integrated solutions
The implementation of solar power plants tends to be much faster than other types, such as coal and wind, says Senior Vice President EMEA at REC
Orascom, Siemens construct 2 power plants
Contract value for 4,800 MW power plant is €2bn
Orascom Development Holding registers EGP 26.6m investment gains
During Q1 of 2014, investments gains recorded EGP 39.5m
Ministry of Finance approval necessary for solar energy project: Orascom official
Orascom Telecom awaits solar energy project PPA, says deputy executive director
Orascom Development Holding sees loss in Q1 of 2015
Company has made losses worth CHF 37.963m, compared to profits made in same period last year amounting to CHF 3.9m