• Sunday, 7 June 2020

    ODE, NIS ink agreement to develop two int’l schools in O West

    Orascom Development Egypt (ODE) has signed an agreement with Nermine Ismail School (NIS) that will see NIS develop two K-12 international schools in the former’s residential compound O West, ODE said in a regulatory filing (pdf). The agreement is the...
  • Monday, 13 April 2020

    Earnings watch: Orascom Development Egypt, Amer Group report 2019 results

    EARNINGS WATCH- Orascom Development Egypt’s (ODE) profits rose 41.1% y-o-y to EGP 705.6 mn in 2019, according to the company's earnings release (pdf). ODE’s consolidated revenue rose 38.8% last year to EGP 4.7 bn up from EGP 3.3 bn in...
  • Monday, 30 March 2020

    EGX slips back into the red, closing down 1.5%

    The EGX30 slipped back into the red yesterday, closing down 1.5% to resume a spell of volatility that has gripped the market over the past few weeks. The benchmark index had inched up 0.5% by the closing bell last Thursday...
  • Monday, 9 March 2020

    CIRA, ODE sign agreement to establish international schools in O West

    CIRA, ODE sign agreement to establish two int’l schools in O West: Cairo for Investment and Real Estate Development (CIRA) and Orascom Development Egypt (ODE) have signed a cooperation agreement to establish branches of two international schools in the O...
  • Thursday, 5 March 2020

    Orascom, Obour Land, MM Group and EG Kuwait Holding Co. are lining up for stock buybacks

    Orascom, Obour Land, Raya, MM Group and EKH jump on the stock buybacks wagon: Orascom Development Egypt (ODE), Raya Holding, Obour Land, MM Group, and Egypt Kuwait Holding (EKH) are all lining up to buy back treasury shares in the...
  • Tuesday, 11 February 2020

    Samih Sawiris becomes ODH interim executive chairman

    MOVES- Samih Sawiris has assumed the role of executive chairman at Orascom Development Holding, Reuters reports. Sawiris will be assisted in his temporary position by an interim committee consisting of Naguib Sawiris, Jurgen Fischer, Ashraf Nessim and Abdel Hamid Abu...
  • Wednesday, 5 February 2020

    Abdel Hamid Abu Youssef, Ashraf Nessim appointed as ODE interim execs

    MOVES- Abdel Hamid Abu Youssef and Ashraf Nessim have been appointed as interim executive officers of Orascom Development Egypt following CEO Khaled Bichara’s death in a car accident late last week, according to a bourse statement (pdf). Nessim was formerly...
  • Tuesday, 24 December 2019

    Orascom Development Egypt to launch three projects in El Gouna in 2020

    Orascom Development Egypt (ODE) is planning to launch three projects in El Gouna in 2020, including a hotel and two other real estate projects, CEO Khaled Bichara said, according to Al Mal. The details and budget of the projects have...
  • Tuesday, 26 November 2019

    Orascom Development Egypt begins phase two of Makadi Heights

    Orascom Development Egypt has started work on a new phase in its Red Sea development Makadi Heights, the company announced in a statement picked up by Al Mal. The 3.7 mn sqm development is a fully-integrated resort town that is...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.