OHD 2015 net income more than doubles, boosted by sale of land Orascom Hotels & Development (OHD) has reported its financial results for 2015. Revenue grew 24% to reach EGP1,773 million, while net income more than doubled to reach EGP229 million. Profitability was boosted by the closure of two sub-development agreements, covering 110,196 sqm of land, for a combined value of USD22 million. Four new projects were launched in El Gouna, with a total value of USD93.4 million. Total contracted sales for the period totaled EGP695 million, up 74% Y-o-Y. Revenue from sale of land reached EGP541 million, up from EGP105 million in 2014, while that from the real estate segment totaled EGP286 million, down 39% Y-o-Y. Revenue from the hotels segment grew 6% to reach EGP576 million. Occupancy rates for the hotel portfolio averaged 54% (2014: 48%), while average room rate grew 7% to reach EGP345, driven by El Gouna hotels. On the balance sheet, the company’s net-debt-equity reached 0.91x in Dec...

El Gouna Hospital has the pleasure to inform you that Prof. Dr. Ahmed Hassan  Orthopedic Surgeon consultant  Ain Shams University will be at our hospital Friday 1 st  of July 2016 comducting examinations during outpatient clinic times  from 1:00 pm till 3:00 pm وحرصا من مجلس ادارة المستشفي في المشاركة والمساهمة للعاملين بشركة اوراسكوم والشركات الشقيقه و الشركات و الفنادق  المتعاقدة واسرهم  فقد تقرر خصم  سعر الكشف  من سعر الخدمات المقدمه  للمريض فى عيادة الاسنان بالبستان و هذا العرض سارى حتى 15/07/2016 .  وذلك بالاضافه الى الخصم الممنوح لسيادتكم بالفعل و هو 25% على الكشف و جميع الخدمات المقدمه بالعيادة . مواعيد العيادة خلال شهر رمضان صباحا من 10:00 حتى 2:00 ظهرا و من الساعة 8:00 مساءا حتى الساعة  10:00 مساءا For more information  please  call: Inside El Gouna ext.: (32222, 32201, 32202, 32073). Direct No.: 065 3580012-17 Visit our web site:  www.elgounahospital.com.eg ...

It was announced last week by Orascom Customer Services that TokTok vehicles in El Gouna of both companies (ext.2337/8 -Downtown) and (ext.77222 -Marina) will be increasing their rates to LE 10  per person and  LE 20  per two or/and three persons. Effective  April 1st, 2016 .

The Rotary Club of Red Sea – El Gouna had the pleasure to welcome Sandy Weder El Sammra, Nadia Govett, and Remon Nabil from Care For Dolphins and Frogs Swim Academy to our meeting on Tuesday 29th March. They gave a fascinating presentation to Rotary Members and guests about the Indo-Pacific bottlenose dolphin (Tursiops aduncus) that inhabits the coastal waters in this area of the Egyptian Red Sea. The presentation covered the life history of the dolphins, their complex social network and communication, and the research goals of Care For Dolphins. Positive advances are being made with the Egyptian Red Sea National Marine Parks in creating protective areas where dolphins can rest and feed their young without being disturbed and harassed by tourist boats. Ahmed Galeb, manager of the National Marine Parks also joined our meeting and talked about the three protected areas around the northern Red Sea islands. Biologist Angela Ziltener, from the University of Zurich, has been studying the loc...

On Saturday 2nd April, Frogs Sea Swim Club are organising a sponsored swim to raise money for the Rotary Club of Red Sea - El Gouna's Orphan Day event.  Come along to join the swimmers or relax on the beach and cheer them on, at 1 pm at Sail La Vie sailing school just before the bridge to the Sheraton Miramar Resort in El Gouna.  See you there!

The Rotary Club of Red Sea - El Gouna is organising an Orphans Day on Friday 1st April 2016 starting at 11 am outside Senzo Mall near McDonalds Restaurant. There will be 30 orphans invited aged between 7 - 14 years. Lots of fun activities have been kindly arranged with the help of our sponsors: * Kidzo - play for free * Diwan boxes of books * Free meals at McDonalds * Seventh Star Cafe cookies * Hilton Hurghada Resort soft drinks * Toys from Kams Store * El Gouna bags * Puppet Show * Care for Dolphins painting * and much more including music from X Nation

Program: W. A. Mozart: Don Giovanni Overture K. 527 S. Rachmaninov: Concerto No. 2 for Piano and Orchestra OP. 18 R. Schumann: Symphony No. 2 in C Major Op. 61 Tickets are sold at Orascom Hotels and the Info Center in Downtown. The price is 35 Euros for tourists and 100 LE for Egyptians and residents.

Downtown Gouna is undergoing a significant public works project aiming to transform it to become more pedestrian friendly. The road in front of Ebeid supermarket will no longer be. The asphalt has been repaved to interlocking stones for comfortable walking and is now closed at both ends to traffic. Moreover, the small parking lot in front of the supermarket is now completely paved. The works are expected to complete by the end of this month. We look forward to update you in a subsequent edition on how the final 'product' will look.

Located in front of the Downtown Gouna Bus Station, two new Takeaway restaurants have opened, adding to Gouna's rich inventory. Both include outdoor seating areas for in house meals. Another point of reference would be their proximity to the EGIS school, only a stone's throw away. WAHAD SHAWARMA Opened less than a month ago, this restaurant specializes in Shawarmas and other Syrian plates. Delivery is by Tok Tok, with a 5 EGP charge for delivery. Owner Mr. Ahmed is looking forward to your patronage on Ext: 38406 CALEO With its soft opening behind it and it's official opening this Thursday, 24th of March, Caleo offers a variety of dishes for takeaway or delivery, focused more on meat and fish. The brothers Mahmoud and Hassan are proud of their restaurant and are waiting to serve you at Ext: 38408

Please be informed that  on  March 26 th  2016  from  8pm  until  3am  - the road in front of the Mosaique Hotel and The Fanadir Bridge, will be closed due to   The Kite World Championship Closing Party. The alternative (2-way) road that will be available, is the road leading to the Yala Horse Stable through Upper Nubia down to the Marina district. Residents of the building and Hotel El Fanadir, MB19, and Mosaique, will all be allowed to enter the residence without delay .