Tuesday 29 July 2014
Orascom Development

Orascom resort to launch 'green' transport

Orascom Development has joined hands with Ezz Elarab Automotive Group, the sole agent for Budget Rent a Car in Egypt, to introduce its eco-friendly transport solutions at its flagship resort, El Gouna in Cairo. This is the first t


Orascom hotel unit posts $76.8m net loss

Swiss-listed Egyptian property and hotels group Orascom Development has reported a full-year net loss of 69.7 million Swiss francs ($76.82 million), due to the political turmoil in Egypt and elsewhere in the Arab world last year. The firm,


Orascom opens first hotel in Oman

Real estate and hotels firm Orascom Development opened its first hotel in Oman last weekend, the Swiss-listed firm said on Monday. Orascom , which has its main presence in Egypt, has projects in the Middle East and Europe and has been exp


Orascom Development posts loss amid unrest

Egyptian group Orascom Development  slumped to a first-half loss, hit by economic disruption caused by the country's popular uprising and the strengthening of its reporting currency, the Swiss franc. Swiss-listed Orascom, known mostly


Orascom plans $245m hotel projects

Egypt's Orascom Development will build two Four Seasons-branded hotels, one in an Egyptian resort and the other in Oman, by second-half 2011 for a total investment of $245 million, a newspaper said on Wednesday. One hotel will be in th


Orascom eyes Romania housing project

Orascom Development has earmarked 2.5 million sq m of land for an affordable housing project in Romania, its first such project outside Egypt, it said on Friday. The project, in which Orascom holds a 70 per cent stake, is expected to offer


Orascom breaks ground on Swiss resort

Orascom Development, a leading developer of integrated towns with a strong foothold in Egypt and Middle East, on Wednesday held a ground-breaking ceremony to mark the construction of its first integrated holiday resort in Swiss alps.

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