Swiss-listed Orascom said on Sunday it would divest stakes in a number of non-core assets in Egypt …
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Samih Sawiris
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Industry & Trade
Egypt’s Orascom Hotels 2013 Net Loss Hits EGP562 mln
by Yomna Yasserby Yomna YasserEgypt’s Orascom Hotels and Development (ORHD.CA) reported on Wednesday it incurred net losses of around EGP 562.345 …
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Industry & Trade
Orascom Hotels Establishes a New Company to Manage Taba Port
by Yomna Yasserby Yomna YasserEgypt’s Orascom Hotels and Development announced on Tuesday that two subsidiary companies, Taba Heights and Taba Hotels, …
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Industry & Trade
Egypt Ranks Second in World’s Richest Arabs List: Forbes Middle East
by Yomna Yasserby Yomna YasserEgypt has landed in second place in the World’s Richest Arabs list made by Forbes Middle East, …
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Industry & Trade
Swiss-listed Orascom Warns on Profit amid Egyptian Instability
by Yomna Yasserby Yomna YasserSwiss-listed Orascom Development Holding AG (ODH) expects to post a full-year net loss, as Egyptian tourism suffers …
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Industry & Trade
Egyptian Tycoon Sawiris to Buy into German Travel Group FTI
by Yomna Yasserby Yomna YasserEgyptian billionaire Samih Sawiris is taking a stake of 25 percent to 35 percent in FTI, Germany’s …
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Industry & Trade
Orascom Development, Ezz Elarab to Launch ‘Green’ Transport Services
by Yomna Yasserby Yomna YasserEgypt’s Orascom Development has joined hands with Ezz Elarab Automotive Group, the sole agent for Budget Rent …
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Industry & Trade
Sawiris Family Plans to Inject EGP4 bln Investments in Egypt Early 2014
by Yomna Yasserby Yomna YasserEgypt Investment Billionaire Naguib Sawiris is expecting that the Egyptian market will witness an influx of foreign …
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Egypt’s bourse chief Dr. Mohamed Omran is currently in New York city to take part in Egypt …
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Indices news
Egypt’s Orascom Development Narrows Net Losses By 27% – Q1
by Yomna Yasserby Yomna YasserOrascom Development Holding(AG) – (ODHN.CA) reported consolidated business results for the first quarter of 2013, a net …