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Market does not face real estate bubble, says Moustafa
Project in New Administrative Capital to be ready in 3 months: Hisham Talaat Moustafa
Almost all the rest of Talaat Moustafa’s land portfolio is acquired by the Rehab project
Reuters – Egyptian property developer Talaat Moustafa posted a first-quarter profit after tax of EGP 160.8m ($23m) on Wednesday, up 15% from a year earlier, it said in an emailed statement. Revenues fell to EGP 1.14bn from EGP 1.52bn, it said.
By Edmund Blair /Reuters CAIRO: A judicial panel has recommended that a court reject a legal challenge that sought to scrap the sale of state land to real estate developer Talaat Moustafa Group (TMG), a judge said on Tuesday. The state judicial council, which suggests a legal response but whose recommendations are not binding, said the …
CAIRO: An Egyptian court postponed to June 21 a hearing over a state land sale to Talaat Moustafa Group (TMG), the country’s biggest listed developer, in a case that has rattled investors in the property sector. TMG’s $3 billion Madinaty project, which makes up the bulk of its land bank, has been caught in the …