DJI 15,543 -0.03% | S&P 1,692 +0.16% | NASDAQ 3,587 -0.66% | EGX30 5,419 +1.36% CONSTITUTION PANEL - A panel charged with amending Egypt’s constitution met for the first time yesterday, starting a process meant to culminate in parliamentary and presidential polls amid protests by backers of deposed leader Mohamed Mursi. The 10-member committee of legal experts has given political parties and other groups a week to present proposals, the state-run Middle East News Agency said yesterday. The panel has 30 days to present the amendments to a second committee made up of 50 public figures before a referendum on the charter. EGYPT REAL ESTATE - House prices and sales are surging amid the street battles and demonstrations as Egyptians with cash seek to shelter it from high inflation and a plummeting currency. The value of mid- priced and luxury homes has risen by as much as 15 percent this year, according to Ankur Khetawat, an analyst at Cairo-based CI Capital Holdings. Construction companies from Talaat Moustafa Group to Medinet Nasr Housing are reporting increasing revenue.
Posted on: Mon, 22 Jul 2013 07:44:33 +0000
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