Monday 23 Dec

Orascom

Sawiris family bids to acquire Orascom Development Holding
2024/12/18

Sawiris family bids to acquire Orascom Development Holding

The Sawiris family, through their wholly-owned company LPSO Holding Ltd, has submitted a tender offer to acquire all outstanding shares of Orascom Development Holding. The...

Orascom generates 5 billion EGP from hotels, commercial assets
2024/11/11

Orascom generates 5 billion EGP from hotels, commercial assets

Orascom Development Egypt has announced significant growth in its recurring revenue, primarily driven by its hotel and commercial assets. These segments contributed 5 billion Egyptian...

Orascom, Talaat Moustafa dominate stock market for second week
2024/10/26

Orascom, Talaat Moustafa dominate stock market for second week

For the second consecutive week, Orascom Construction and Talaat Moustafa Group shares led the Egyptian Exchange in terms of trading activity. Together, these companies generated...

Suez Canal Economic Zone Chief, Sawiris participate in Marseille Business Forum
2024/10/02

Suez Canal Economic Zone Chief, Sawiris participate in Marseille Business Forum

Walid Gamal El Din, Chairman of the General Authority of the Suez Canal Economic Zone, participated in two sessions at the Egyptian-French Business Forum in...

Orascom starts developing a new million square meters in El Gouna
2024/10/01

Orascom starts developing a new million square meters in El Gouna

Orascom Development has launched a new project within the city of El Gouna, as part of its plan to develop the mega city, according to...

Sawiris warns of interest rate impact on real estate
2024/09/29

Sawiris warns of interest rate impact on real estate

Businessman Naguib Sawiris, Chairman of Orascom Telecom Holdings, has identified several new challenges facing the Egyptian real estate sector. Among the most pressing is the...

Uptown Group to invest EGP 5 billion in 6 October City
2024/09/07

Uptown Group to invest EGP 5 billion in 6 October City

The Uptown Group is set to invest approximately 5 billion Egyptian pounds over the next five years in service projects aimed at accelerating the development...

Orascom Construction: $7.7 Billion worth of projects underway
2024/08/28

Orascom Construction: $7.7 Billion worth of projects underway

Orascom Construction has announced that the value of projects under execution amounts to USD 7.7 billion dollars, and the value of revenues is USD 1.5...