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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

Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

Monday, August 18, 2008

Net profit of Egypt's property developer SODIC drops by 93.8% in H1.





Net profit of Egypt's property developer SODIC drops by 93.8% in H1. The net profit of Egypt 's property developer Sixth of October Development and Investment (SODIC) dropped by 93.8% to reach EGP 7.2mn (USD 1.4mn) in H1/2008, according to the stock exchange website. The company's accounting standards only recognised profits upon full completion of projects. Last week, Egypt 's stock market regulator approved EGP 5mn capital increase by SODIC. The company is currently developing a number of big real estate projects. These developments range from residential projects of different types to retail, commercial and city centres aimed at becoming the main urban hubs of both east and west Cairo .







As I seek to add some eloquence to our track record in support of our claim to be worthy winners, I can only quote Aristotle’s definition of excellence to you: ‘We are what we repeatedly do. Excellence is not an act but a habit’  

An investment banker shows off his knowledge of Greek philosophy in his attempt to win a global Award for Excellence. Unfortunately, Euromoney was unpersuaded

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