Latest in Highlight

Advertising Area

Latest in

Egyptian Resorts plans Sawari launch in Q2 2012

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 ousted, is optimistic that the country’s economy will rebound in the long term, even if it expects …


Egyptian Resorts H1 net profit tumbles 80 percent

CAIRO: Real estate firm Egyptian Resorts posted an 80 percent decline in first-half net profit as growing revenues from tourism and utilities failed to compensate for the firm’s inability to sell land since 2008, analysts said. Egyptian Resorts, which makes most of its money selling land to developers, reported consolidated first-half net profit of LE …


End of Section