CAIRO: Egyptian property developer Amer Group sees enough untouched land along Egypt's coasts and in its deserts for another 20 of the firm's residential and commercial developments, which would more than double its current total.
The firm, which (...)
CAIRO: Dubai-based builder Arabtec announced a joint venture with Egypt's Amer Group on Sunday, helping it expand abroad as the emirate's once-booming property sector struggles to recover from the financial crisis.
Arabtec expects its revenue to (...)
CAIRO: A surprise court ruling that threatens Egyptian real estate firm Talaat Moustafa Group's (TMG) $3 billion flagship development has kindled worries about investing in Egypt's property sector.
The High Administrative Court on Tuesday upheld (...)
CAIRO: An Egyptian court upheld on Tuesday a ruling that threatens Talaat Moustafa Group's (TMG) flagship project on the outskirts of Cairo, sending shares in Egypt's biggest listed developer sharply lower.
Building has already started on the (...)
CAIRO: Landline monopoly Telecom Egypt posted second-quarter net profit at the top end of analyst forecasts on Thursday as growing internet and data revenue offset weakness in its fixed-line voice business.
Net income was LE 971 million ($171 (...)
