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Egyptian property developer gets 'buy' rating
- Egypt: Tuesday, September 15 - 2009 at 11:10
Citigroup has initiated coverage of the Egypt-based property developer Talaat Moustafa Group with a 'buy' rating, Reuters has reported. TMG's current projects are exhibiting strong sales and price appreciation, said analyst David Spiez. 'Ageing housing stock and a rapidly growing, and young population results in increasing real estate demand,' analyst David Spiez said.
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StaffTuesday, September 15 - 2009 at 11:10 UAE local time (GMT+4)
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