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Panel advises rejecting challenge to Egypt’s TMG

By Edmund Blair /Reuters CAIRO: A judicial panel has recommended that a court reject a legal challenge that sought to scrap the sale of state land to real estate developer Talaat Moustafa Group (TMG), a judge said on Tuesday. The state judicial council, which suggests a legal response but whose recommendations are not binding, said the …

DNE

Egypt court postpones TMG hearing to June 21

CAIRO: An Egyptian court postponed to June 21 a hearing over a state land sale to Talaat Moustafa Group (TMG), the country’s biggest listed developer, in a case that has rattled investors in the property sector. TMG’s $3 billion Madinaty project, which makes up the bulk of its land bank, has been caught in the …

DNE

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