Sunday 31 August 2014
 
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Talaat Moustafa

Talaat Moustafa H1 profits rise 12pc

Egyptian property developer Talaat Moustafa said that its net profit was up 12 per cent for the first half of this year. Its after-tax profit was 351.543 million Egyptian pounds ($49.17 million) in the six months to June 30, compared to

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Talaat Moustafa seeking $261m loan

Egypt's Talaat Moustafa Group is negotiating a 1.8 billion Egyptian pound ($261 million) loan with banks for work on its Rehab property development in Cairo's eastern outskirts, the company said on Thursd

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Egypt tycoon Talaat Moustafa gets retrial

An Egyptian court ordered a retrial of property tycoon and politician Hesham Talaat Moustafa, serving a 15-year sentence for his role in the murder of a Lebanese singer. The former member of parliament and former chairman of property firm

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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 resumes operations

Talaat Moustafa Group, Egypt's biggest listed developer, said on Wednesday none of its assets had been damaged during Egypt's political unrest and that its operations had gradually resumed. The firm said in a statement to the stock exchang

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Egypt's TMG Q3 net profit plunges 34pc

Egypt's biggest listed developer Talaat Moustafa Group (TMG) posted a 34 per cent slide in third-quarter net profit on Wednesday, the first results from the firm since a legal row over its flagship project erupted. TMG's $3 billion Madinat

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No change in Madinaty terms says Egypt

Egypt will not change terms for a new contract for Talaat Moustafa's flagship Madinaty project and will take 7 percent of the project's completed housing units, as in the original deal, a newspaper reported.    "There will

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TMG sees Madinaty contract terms unchanged

Egyptian property developer Talaat Moustafa (TMG) said on Monday the government's solution to a legal row that threatened its flagship project would preserve the terms of the original land sale contract. Egypt's cabinet said on Sunday it w

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Govt to reallocate Madinaty land to TMG says PM

Egypt's Prime Minister said on Thursday the government would reallocate the land for Talaat Moustafa's Madinaty project back to the firm after a court ruled the state land sale contract should be scrapped. The cabinet spokesman also said a

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