Orascom Construction Q2 Consol Profit Falls

Cairo-based global engineering and construction contractor Orascom Construction reports consol profit attributable to shareholders dropping to USD 23.7 mn during the second quarter of 2017 from USD 26 mn in the same ...

Marseilia Egyptian Gulf Real Estate Investment H1 Profit Falls

Marseilia Egyptian Gulf Real Estate investment announces a fall in profits for the first half of 2017 as its net profit totalled EGP 5.4 mn in 2017 compared to 15.4 mn in the same period a year earlier, Invest-Gate r ...

DAMAC Properties’ Profits Fall for Second Consecutive Quarter

Dubai-based real estate developer DAMAC Properties reports a fall in profits for the second quarter in a row, Reuters reports.

Egypt’s Misr Cement H1 Profit Falls

Egypt's Misr Cement announces the consol net profit after tax at EGP 50.6 mn versus EGP 137.6 mn year ago, Invest-Gate reports.

Marseilia Egyptian Gulf Real Estate Investment Quarterly Profit Falls

The Marseilia Egyptian Gulf Real Estate Investment quarterly net profit after tax accounts for EGP 3.7 mn versus EGP 26 mn one year ago, Invest-Gate reports.

Saudi Home Prices Fall by 8%

Prices of houses in Saudi Arabia have declined by 8% while land prices are down by 9%, Reuters reports.

JLL: Jeddah’s Rent Prices Fall Following Departure Of Expats

Rental values in Jeddah’s housing sector in the first quarter of the year have decreased by 9% quarter-on-quarter and 8.5% year-on-year, Invest-Gate reports.

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