A ministerial committee in Saud Arabia has cancelled a deal for land worth SR600 million ($160 million) because of alleged irregularities, said a report.
The action comes following a probe by the panel comprising members of the mi
Saudi Arabia's Kingdom Holding , the investment vehicle owned by billionaire Prince Alwaleed bin Talal, has sold a plot of land east of the Saudi capital to Subul Development Co, a bourse filing said on Sunday.
Developer Talaat Mostafa Group's land contract for its Madinaty project is valid, an Egyptian court ruled on Tuesday, signalling an end to a long-running legal battle over the $3 billion scheme.
The development of shops, homes, hotels
Egyptian property developer Palm Hills said on Wednesday it planned to appeal against a court verdict scrapping a sale of state land to the company.
The verdict on Tuesday piled more pressure on the company, which has seen its share price
Egyptian real estate company Palm Hills Developments expects the country will revamp its land allocation laws by end-March in a push to contain a spate of lawsuits against state land deals, its chief said.
Palm Hills, Egypt's second bigges
Egypt's government said on Sunday it had approved a legal committee's plan to resolve a land row around the country's biggest listed developer's flagship project.
The state would scrap the original contract for Talaat Moustafa Group's (TM
Egypt's High Administrative Court delayed a ruling on the appeal of Talaat Moustafa Group's (TMG) Madinaty land deal case until Sept. 14, the presiding judge said on Tuesday.
A lower court ruled in June that the New Urba
A court ruled on Tuesday to scrap a contract to sell land to Egyptian developer Talaat Moustafa Group for its mixed-use Medinaty project on the outskirts of Cairo.
There had been reports the land was subject to a legal dispute over the ter
Shuua Capital Saudi Arabia said its hospitality fund has bought land in Jeddah for a hotel development worth more than $130 million, in a deal that marked the first ever land acquisition by a hospitality fund in the kingdom.
The acquired p
Dubai-based developer Damac Properties has confirmed that it would not complete a Malaysia land deal with UEM Land due to the financial crisis, and would focus on projects already under construction.
The news follows a statement from UEM o