Egypt's Talaat Moustafa profit up by 12% in first half of 2014
Its after-tax profit was 351.543 million Egyptian pounds
Egyptian property developer Talaat Moustafa said on Thursday its net profit was up 12 percent for the first half of 2014.
Its after-tax profit was 351.543 million Egyptian pounds (49.17 million U.S. dollar) in the six months to June 30, compared to 312.755 ($43.73) in the first half of 2014.
Revenues were up to 2.663 billion pounds compared to 2.418 in the first half of 2014.
(1 US dollar = 7.1500 Egyptian pound)
Egypt waters down stock market tax after bourse drops sharplyCairo bourse recorded its biggest daily drop in almost a year on Sunday Financial Markets
Egypt stock exchange closed for holiday marking electionBanks will also be closed on Tuesday, authorities said Financial Markets
Egypt’s stock market reaches new 5-year highThe stock market experienced a steady growth since the military ousted former Islamist President Mohammad Mursi Financial Markets
Middle East funds most bullish about Egypt equities, shows surveyEgypt’s main stock index went up 24 percent in 2013, regaining levels last seen before Husni Mubarak’s overthrow January 2011 Banking & Finance
Property firms and banks sink UAE, other markets sluggishMost Gulf stock markets consolidate because of a weak global environment and a lack of fresh, positive news Financial Markets
Saudi Arabia stocks continue uptrendMost other Middle East markets moved little in modest trade as investors returned from long Eid holidays. Economy