CAIRO: Real estate firm Egyptian Resorts narrowed its losses in the third quarter of 2011 as revenue grew from its utilities business, the firm said on Tuesday.
Egyptian Resorts, which makes most of its money selling land to developers, reported (...)
CAIRO: Developer Egyptian Resorts (ERC) plans to launch its delayed Sawari project in the second quarter of 2012, the firm's chief executive officer said on Wednesday.
ERC, taking a hit from political turmoil after president Hosni Mubarak was (...)
CAIRO: Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Thursday it planned to buy back 440,000 treasury shares on the bourse, or their equivalent in global depository receipts (GDRs).
In a statement to the Cairo stock (...)
CAIRO: Egyptian property developer Nasr City Housing posted a 1.3 percent decline in unaudited net profit for its first six months of its financial year, on weak sales, the firm said on Sunday.
The formerly state-run company, now about 30 (...)
CAIRO: An Egyptian judicial panel ruled on Tuesday that a state land sale to Palm Hills Development, Egypt's second biggest listed developer, was illegal and should be scrapped.
Palm Hills Development was the second company to face such a ruling, (...)
CAIRO: Egypt's Talaat Moustafa (TMG) said on Wednesday the government had given commitments to respect its contracts, a day after a court upheld a ruling that could threaten the real estate firm's flagship project.
TMG stock had slid 11.7 percent (...)