Sunday 5 June 2011

Reports will bring Egypt's property problems into focus - The National

Regional investors will be looking at Egypt this week as quarterly earnings from two key developers are expected to give an indication of the country's property outlook after the political turmoil that began in January.

Palm Hills Developments and Egyptian Resorts are slated to release their first-quarter results in the coming days.

Many developers are being investigated for land purchases completed under the administration of the former president Hosni Mubarak, with some transactions nullified because of corruption.

No comments:

Post a Comment