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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Wednesday, July 9, 2008

Total revenue of Egypt's tourism group Orascom increases by 29.6% in H1.





Total revenue of Egypt's tourism group Orascom increases by 29.6% in H1. The total revenue of Egyptian tourism group Orascom Development increased by 29.6% to EGP 409.2mn (USD 76.6mn) in H1/2008, the company said in a statement. The company added that the increase came as a result of the improve of its occupancy rate to 81.4% from 67.9% a year earlier. The operational hotel portfolio of Orascom Development reached 24 properties with a total of 6,025 rooms, almost 1,000 rooms more in the first six months of 2008. The company operates in Egypt , Morocco , Oman , the UAE and Switzerland .







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