Sunday 20 April 2014
 
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Palm Hills

Egypt's Palm Hills shrinks Q1 net loss

Egypt's Palm Hills, the country's second-biggest listed developer, said on Tuesday it had narrowed its first-quarter net loss as operating costs declined. The luxury real estate developer posted a net loss of 16.3 million Egyptian pounds (

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Palm Hills falls into loss, revenues plunge

Egypt's second-biggest listed property developer, Palm Hills, reported on Monday it made a net loss of 331.3 million Egyptian pounds($55 million) last year, compared with a profit of 526 million pounds in 2010, as sales revenue plunged 67.6 pe

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Palm Hills slumps to Q3 net loss

Egyptian real estate group Palm Hills, the country's second-biggest listed developer, dropped to a third-quarter net loss on Thursday, hit by weaker revenue. The firm, battered by land probes and cancellations after the uprising that toppl

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OCI wins Palm Hills project

Egypt's Palm Hills Development, the country's second-biggest listed developer, said Orascom Construction had won the development contract for a 554 million Egyptian pounds ($93 million) Palm Hills project. Palm Hills chief executive Mohame

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Palm Hills slips into H1 net loss

Egyptian real estate firm Palm Hills Developments , the country's second-biggest developer slipped to a 2011 first-half net loss of EGP81.4 million ($13.6 million), the stock exchange said on Sunday. The firm, hard hit by an uprising that

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Egypt mulls taking back land from Palm Hills

The Egyptian Housing Ministry plans to withdraw an unused 210 feddan (217.9 acre) plot of land from Egypt's second-biggest listed developer Palm Hills, a newspaper reported on Wednesday. Palm Hills, whose shares have slumped 61 percent thi

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Palm Hills chairman cleared of graft

An Egyptian court on Tuesday cleared the chairman of real estate developer Palm Hills  and the former housing minister Ahmed el-Maghrabi of corruption charges in a state land sale. Palm Hills, Egypt's second-biggest listed developer,

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Egyptian to drop Palm Hills, Kingdom cases

An Egyptian citizen who tried to overturn state land sales to Palm Hills and Saudi's Kingdom Holding has withdrawn the claims, saying there was little point continuing while the government is doing little to fight graft. Engineer Hamdy

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Palm Hills swings to net loss in Q1

Palm Hills, Egypt's second-biggest listed developer, swung a first-quarter net loss of 36.2 million Egyptian pounds ($1.6 million), the stock exchange said on Tuesday.    Palm Hills, being hit by the political turmoil that

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Egypt to uphold verdict on Palm Hills deal

Egypt's government will uphold a court ruling to scrap a sale of state land to developer Palm Hills but will ensure ordinary Egyptians are not hurt, the housing minister said. An Egyptian court ruled last month that a state land sale to Pa

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