Egypt-based Orascom Investment Holding (OIH) incurred higher net losses of EGP 153.3 mn in the first half of 2019, compared to EGP 141.2 mn recorded during the prior-year period.
Real estate prices in the Egyptian market have hiked by an average of 75% since the EGP flotation in November 2016 until now, backed by rises in implementation costs and materials.
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