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Palm Hills

Egypt’s Palm Hills falls into loss, revenues plunge

Egypt’s 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 percent.

March 12, 2012 2:03
 
Egypt’s Orascom, Nasr City scrap Tigan cooperation

Egypt’s Orascom, Nasr City scrap Tigan cooperation

Egyptian group Orascom Development and local real estate firm Madinet Nasr Housing scrapped an agreement to cooperate in developing the Tigan real estate project, Orascom said on Monday.

January 16, 2012 12:24
 

Egypt’s Palm Hills to launch Red Sea project, bonds

Bullish on Mediterranean coast home sales.

August 10, 2010 8:51