31.05.2011 - Optimism builds in Egyptian property sector
Shares in Egyptian property companies may have been down but they are not out. The sector has borne the brunt of a string of corruption probes, placing many property companies under fire in the aftermath of the revolution that ousted Hosni Mubarak, the president. At the heart of legal wrangles are conflicting laws governing the sale of state land. But a series of positive catalysts have prompted investors to return to the market and prop up share prices in what have been seen as underperforming stocks for much of this year..............................................Full Article: Source
Print