Tuesday 21 October 2014
 
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Madinaty

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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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's TMG approves bonus share

Egypt's Talaat Moustafa Group, the country's biggest listed developer, said on Sunday its shareholders approved a dividend of one new share for every 40 held for its 2010 net profit. Talaat Moustafa Group (TMG) posted 2010 net profit of 1

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Egypt legal body orders Palm Hills deal scrapped

An Egyptian judicial panel ruled on Tuesday that a state land sale to Palm Hills Development, Egypt's second biggest listed developer, was illegal and should be scrapped.    Palm Hills Development was the second company to

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Egypt court rules govt must auction TMG land

An Egyptian court said on Tuesday the government must respect an initial court ruling to scrap the direct sale of state land for Talaat Moustafa Group's (TMG) Madinaty land project and should publicly auction the land. TMG's $3 billion Mad

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Egypt lawyer seeks to annul more land deals

An Egyptian lawyer said he had filed a lawsuit demanding the government cancel the sales since 1998 of all state land not sold by auction.    It is the latest challenge to state land sales since a court in June annulled the

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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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Egypt approves plan to end TMG land dispute

Egypt's government said on Sunday it had approved a legal committee's plan to resolve a land row around the country's biggest listed developer's flagship project. The state would scrap the original contract for Talaat Moustafa Group's (TM

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