Ticker	Volume	Price	Price Delta
DJIA	15,300.30	+5.80	0.04%
S&P 500	1,646.96	-3.55	-0.22%
Nasdaq	3,456.38	-3.04	-0.09%

Ticker

Volume

Price

Price Delta

DJIA

15,300.30

+5.80

0.04%

S&P 500

1,646.96

-3.55

-0.22%

Nasdaq

3,456.38

-3.04

-0.09%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Qatari Diar to Invest $500m in Sinai Tourism Project, Borsa Says

By Nadine Marroushi - 2012-10-18T09:04:33Z

Qatari Diar, a real-estate company, will invest $500m to build an hotel, villas and chalets in Sharm El Sheikh, Egypt, after getting Egyptian approval, Al Borsa reported, citing an unidentified company official.

The Egyptian cabinet approved the project last night, according to a statement on the prime minister’s Facebook page. The project is going ahead after it was decided in August to allow foreigners to invest directly in Sinai.

Qatari Diar has three pieces of land in Sharm El Sheikh, the newspaper cited the official as saying. So far, the project includes a palace and two villas for Sheikh Hamad Bin Jassim, Qatar’s prime minister, and the hotel may have 160 to 170 rooms, Al Borsa added.

Phase one of the project will be ready for contractors by the first quarter of next year, Al Borsa reported.

To contact the reporter on this story: Nadine Marroushi in Cairo at nmarroushi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.