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 percent.
March 12, 2012 2:03
An international conference to drum up investment in Sudan has been called off after the United States and other powers signalled they would not attend in protest over Sudan's crackdown on rebels, diplomats and officials said on Sunday.
March 12, 2012 1:51
Dubai Group, the state-owned investment firm in the midst of a $10 billion debt restructuring, is weighing a potential sale of its prime Manhattan-based real estate property Jumeirah Essex House hotel, it said on Monday.
March 12, 2012 1:46
Kuwait Finance & Investment Co. (KFIC) said on Wednesday that holders of its 21.5 million-dinar ($77.24 million) bonds have approved the company's proposed debt restructuring plan.
March 7, 2012 2:10