
Orascom Development Egypt's consolidated profits leap 372.7% YoY in H1 2025
The recorded net profits were higher by 372.70% than EGP 667.923 million in H1 2024.
Additionally, the revenues increased to EGP 11.529 billion at the end of June 2025 from EGP 10.211 billion a year earlier.
Basic earnings per share (EPS) amounted to EGP 2.79 in H1 2025, an annual rise from EGP 0.59.
As for the standalone business, the company logged net profits worth EGP 2.749 billion in H1 2025, against net losses after tax valued at EGP 204.123 million in the first six months of 2024.
Non-consolidated EPS reached EGP 2.43 in H1 2025, against a loss per share of EGP 0.18 a year earlier.
© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Zawya
41 minutes ago
- Zawya
Nigeria Grants Tanzania Air, A Foreign Carrier Operating Permit
The Nigerian Civil Aviation Authority (NCCA) has granted a Foreign Carrier Operating Permit to Air Tanzania to commence scheduled flights between Dar es Salaam and Lagos. Commencement of direct flights between Tanzania and Nigeria will ease connectivity and boost business, investment and tourism, thereby strengthening existing ties between our two countries. Distributed by APO Group on behalf of High Commission of the United Republic of Tanzania Abuja, Nigeria.


Zawya
41 minutes ago
- Zawya
Aramco inks $11bln midstream deal for Jafurah gas facilities with GIP-led consortium
Aramco announced on Thursday that it has signed an $11 billion lease and leaseback agreement for its Jafurah gas processing facilities with a consortium of global investors led by funds managed by Global Infrastructure Partners (GIP), part of BlackRock. Jafurah, the Kingdom's largest non-associated gas development, is estimated to hold 229 trillion standard cubic feet of raw gas and 75 billion stock tank barrels of condensate. The field is central to Aramco's goal of increasing gas production capacity by 60 percent between 2021 and 2030. Under the deal, a newly formed subsidiary, Jafurah Midstream Gas Company (JMGC), will lease development and usage rights for the Jafurah Field Gas Plant and the Riyas NGL Fractionation Facility, then lease them back to Aramco for 20 years, according to a press statement by Aramco. JMGC will receive a tariff from Aramco in exchange for exclusive rights to process raw gas from Jafurah. Aramco will retain a 51 percent majority stake in JMGC, with the remaining 49 percent owned by investors led by GIP. The transaction is expected to close after meeting customary conditions. Amin H. Nasser, Aramco President & CEO, said: 'As Jafurah prepares to start phase one production this year, development of subsequent phases is well on track. We look forward to Jafurah playing a major role as a feedstock provider to the petrochemicals sector, and supplying energy required to power new growth sectors, such as AI data centres, in the Kingdom.' Past precedents The transaction underscores the trend of monetising oil and gas infrastructure via long term lease back models by the region's national oil companies while retaining operational control. In September 2024, Reuters reported that a BlackRock-managed fund acquired a minority stake in the Saudi–Bahrain Pipeline Company (SBPC) from Bapco Energies. The 112-km pipeline transports crude oil from Saudi Aramco to Bahrain's national refinery In December 2021, Aramco signed a $15.5 billion lease and leaseback deal involving its gas pipeline network with a consortium led by BlackRock and Hassana, the investment management arm of the General Organisation for Social Insurance (GOSI) in Saudi Arabia, Aramco Gas Pipelines Company, 51 percent owned by Aramco and 49 percent owned by investors led by BlackRock and Hassana, has leased usage rights in Aramco's gas pipelines network and leased them back to Aramco for a 20-year period. In return, Aramco Gas Pipelines Company receives a tariff payable by Aramco for the gas products that will flow through the network, backed by minimum commitments on throughput. The deal that started it all In 2019, UAE's ADNOC inked a deal worth $4 billion with a consortium including GIC, BlackRock, KKR and Abu Dhabi Retirement Pensions and Benefits Fund, selling them a 49 percent stake in its subsidiary ADNOC Oil Pipelines (AOP). The agreement involved AOP leasing ADNOC's usage rights in 18 pipelines for transporting crude and condensates from the national oil company's onshore and offshore concessions, and leasing them back to ADNOC for a period of 23 years. In July 2020, ADNOC had sold a 49 percent stake in ADNOC Gas Pipelines - which held 20-year lease rights for 38 gas pipelines spanning 982 km - to an international consortium including GIP, Brookfield, GIC, Ontario Teachers', NH Investment & Securities, and Snam for $20.7 billion. ADNOC, which owns 51 percent in ADNOC Gas Pipelines, pays the latter a volume-based tariff, subject to a floor and a cap, for the use of pipelines that transport sales gas and natural gas liquids (NGL) from ADNOC's upstream assets to Abu Dhabi's key outlets and terminals. In April 2024, local alternative investment firm Lunate acquired a 40 percent stake in AOP from BlackRock and KKR, with a further 6 percent stake acquired from Snam in January 2025, thereby bringing infrastructure back under UAE-based ownership. (Writing by SA Kader; Editing by Anoop Menon)


Arabian Business
2 hours ago
- Arabian Business
Al Reem Island property prices surge 38% in Q2 2025, cementing lead as Abu Dhabi's top investment hotspot
Al Reem Island has reinforced its position as Abu Dhabi's premier residential investment destination, recording a 38 per cent year-on-year rise in off-plan property weighted average prices in Q2 2025, according to analysis by international developer MERED using Quanta transaction data. Other leading areas also posted strong growth, with Khalifa City up 24 per cent and Jubail Island up 20 per cent, underscoring the capital's buoyant real estate market. Al Reem Island's popularity extends to rentals, where apartment rents climbed 21 per cent year-on-year in Q2 2025, supported by a mix of high-quality infrastructure, waterfront living, Grade-A offices, diverse retail, advanced healthcare, and the 1,000,000sq ft Reem Central Park. Abu Dhabi real estate Strategically positioned between Abu Dhabi's mainland business district and Saadiyat Island's cultural attractions, the island offers a fully integrated 'live-work-play' lifestyle. Building on this momentum, MERED is developing a design-led waterfront project across two prime plots totalling more than 23,400sq m within the Abu Dhabi Global Market (ADGM). The scheme, crafted by Pritzker Prize-winning architects, aims to set a new benchmark for super-prime living in the UAE capital. Artemiy Marinin, Project Director at MERED, said: 'Al Reem Island has unequivocally established itself as Abu Dhabi's premier residential destination. Average prices in waterfront projects have exceeded AED 1,800 ($490)per square foot, with new projects launched at even higher prices. 'We're proud to contribute to this dynamic market with our forthcoming project, offering direct sea views and architectural distinction crafted by Pritzker Prize-winning visionaries.' The island's growth has been boosted by ADGM's April 2023 jurisdiction expansion to Reem Island, which has attracted more than 1,100 new businesses and lifted total registrations past 11,000. The influx of high-earning professionals has reinforced its status as the residential hub of choice for ADGM. With sustained price growth, rising rents, and a steady pipeline of landmark developments, Al Reem Island is poised to remain Abu Dhabi's go-to address for luxury living and long-term investment.