CEO Announces Orascom Development Egypt Cash Flow

Orascom Development Egypt Company (ODE) cash flow currently exceeds US$200 million for the entire group, CEO Omar El Hamamsy said.

The occupancy rates in the group's hotels in the first half of the year recorded a rate higher than 30% of the total carrying capacity, he told CNBC Arabia. ODE is Orascom Development Holding Group's largest subsidiary.