Tuesday 16 September 2014
 
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Egypt's TMG to distribute first cash dividend

Egyptian property developer Talaat Moustafa Group (TMG) will distribute a cash dividend of around 0.145 Egyptian pound ($0.02) after profits grew in 2013, the company said on Tuesday.   The payment, TMG's fir

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TMG first-quarter net profit falls 19.8pc

Egyptian property developer Talaat Moustafa Group (TMG) said net profit in the first quarter of 2013 fell 19.8 percent to 139.4 million Egyptian pounds ($20 million). TMG's profit for the first quarter of 2012 was 173.7 millio

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Talaat Moustafa Q1 profit climbs 2.5pc

Talaat Moustafa Group (TMG), Egypt's biggest listed property developer, reported a 2.5 percent rise in first-quarter net profit as sales rebounded from the same period of 2011, when they were disrupted by political turmoil. The firm report

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Egypt court sets next TMG hearing for Nov 22

An Egyptian court on Tuesday set the next hearing in a land dispute case involving Talaat Mostafa Group (TMG) for Nov. 22, extending a legal wrangle that has rattled investors in the property market. TMG's $3 billion Madinaty project has b

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Court postpones TMG hearing, sparks uproar

An Egyptian court on Tuesday postponed a hearing over a case involving a land sale to the country's biggest listed developer  that has rattled the property sector, sparking uproar among home-owners in the courtroom. Talaat Moustafa Gr

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Egypt's TMG to invest $3bn over three years

Egyptian property developer Talaat Moustafa Group (TMG) is pressing ahead with its investment plans and aims to spend 18 billion Egyptian pounds ($3 billion) on its two main projects in the next three years, a newspaper reported. Company o

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Talaat Moustafa H1 profit falls 44pc to $62m

Talaat Moustafa Group (TMG)  , Egypt's biggest listed developer, posted a 44 percent slide in first-half net profit to EGP371.2 million ($62.3 million), the bourse said on Wednesday. The firm, which has suffered the brunt of a cri

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Egypt court postpones TMG hearing

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,

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Talaat Moustafa Q1 profit tumbles 48pc

Talaat Moustafa Group (TMG), Egypt's biggest listed developer that is mired in a legal row over its flagship project, posted a 48 per cent drop in first-quarter net profit on Wednesday.    Net income fell to 169.4 million E

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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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