Mortgage finance to be affected by higher interest rates: AlOula CEO
Mortgage finance system needs to finance off-plan units under supervision of independent entity established for this purpose, says Abdel Hamid
Shaimaa Al-Aees
2458 Articles
Latest by Shaimaa Al-Aees
Trading EGP on Moscow Exchange will have positive impact on Egyptian economy: Official
Decision means that Egypt can import from Russia in Egyptian pound
Egypt offers large areas of industrial land free of charge
The project includes industrial, logistical, commercial, administrative, and service activities. It will be located near the 6th of October dry port, and will be directly linked to Alexandria Port via railways.
Egyptâs gold mania result of traders’ speculation, not demand-driven: Pundits
Demand was not affected by the insane increase in gold pricesÂ
Egyptâs Real Estate Development Chamber to propose new financing mechanisms in coordination with CBE
These successes were based on the continuous follow-up of market developments, cooperation with the Housing Committee in the House of Representatives, and government support to discuss the most important challenges facing real estate market.
IMF loan to secure hard currency needed for importing production requirements: Manufacturers
Egyptâs IMF-supported programme presents a comprehensive policy package to preserve macroeconomic stability, restore buffers, and pave the way for inclusive and private-sector-led growth.
Egyptâs Urban Development Fund opens reservations for Darah project through HDB
Darah achieves the presidential initiative objectives to improve the level of housing services in governoratesâ capitals and major cities: UDF Chairperson
Reducing subsidisation of financing initiative for middle-income segment places burden on property developers: Experts
The decision, however, stipulates that the Ministry of Housing, Utilities, and Urban Communities would support the interest difference in the initiative and compensate banks for this difference instead of the Central Bank of Egypt (CBE).
Egypt to witness 2.7% increase in remittance flows for 2022: The World Bank
The report said that this development may reflect a rebalancing of flows among host countries and regions.
After COP27, property developers seek to incorporate green building standards in their projects
Several property developers join âSustainable Communities Initiative: Building for Better Livesâ
Adopting flexible exchange rate to benefit Egyptian exports
Manufacturers calls for new initiatives to support industry after raising interest rate
Schneider Electric provides equal opportunities to ensure employees feel uniquely valued, safe: Chief HR Officer
LE told Daily News Egypt that the company invests more in training and qualifying employees, reaching approximately 15% of total annual people cost including investment in technology and training internally and externally.
Developersâ offering guaranteed rental income to property owners is âadvertisingâ, unrealistic: Experts
Companies resort to overpricing units in order to afford guaranteed rental income to customers
MNHD intends to deliver 1,500 units by year-end
Company plans to direct EGP 3bn to construction works in 2022, says CEO Abdallah Sallam
Adopting value engineering would circumvent building materialsâ price hikes
Applying value engineering in various projects can save between 7 to 10% of the total construction cost
Federation of Industries confirms need for new monetary policies to promote industrial investment
Manufacturers demand opening documentary credits for imports in banks
Egyptâs industry still needs support, much work to be done by new minister
Egyptian manufacturers and importers congratulated the former MP on taking over the ministry, wishing him success and hope in solving problems related to industry and export.
Real estate developers believe Egyptâs property market capable of absorbing shocks
Cabinetâs property sale rules is good step, contributes to regulating sector, say developers
Think Commercial roundtable suggests new mechanisms to deal with global challenges
Real estate developers praise Cabinetâs controls to regulate property sale
Proposal to provide mortgage for under-construction units stimulates local market, but needs CBE support
The value of finance provided by mortgage finance companies amounted to EGP 8.1bn in 2021, and reached nearly EGP 4bn in the first quarter of the current year. The Committee targets mortgage finance in Egypt to reach approximately EGP 16bn by 2026.
Egypt works hard to contain current, future inflation, maintain jobs, investments: CBE Governor
During the opening of the 29th Afreximbank Annual Meetings on Wednesday, Amer said: âWe are happy that we still have inflation under reasonable control, considering the global inflation, however, we keep thinking about solutions for the unprecedented crisis in the world.â
Property developers suggest solutions to overcome bottleneck in market
Mortgage finance is only and optimal solution to get out of global crisis, says Hisham Talaat Moustafa
24% of Egyptâs firms believe that tax rates are the main obstacle to enterprises: Report
The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and the World Bank (WB) published a joint report recently titled âUnlocking Sustainable Private Sector Growth in the Middle East and North Africaâ (MENA). The report analyses constraints on productivity growth and limited accumulation of factors or production in MENAâs private sector.
Egypt has become symbol of growth resilience in Africa: Afreximbank
Growth is projected to strengthen in North Africa lifted by impressive performance of Egypt, says report
World Bank raises its forecast for Egyptâs economic growth by 0.6% for FY2022
The report said that Egyptâs growth slowed in early 2022 following a boom in the first half of the fiscal year. Export revenues in March soared about 80% above pre-pandemic highs.
Presidentâs directives restore pricing discipline, support local industrialisation: Egyptian business community
President of the Chamber of Commerce in Cairo Ibrahim Al-Araby stated that the presidentâs decision came to end a major crisis that would have hit the local market due to a shortage of raw materials needed for local manufacturing.
Increasing demand for Ramadan ads to sell properties amid decline in demand
In spite of a high number of innovative advertising campaigns for real estate development companies to showcase their new projects and the luxury they offer, most of them simply reviewed the specifications of these projects.
Egyptâs presidential initiative to support, localise national industries to rely on local products, stimulate exports, provide job opportunities
This will be done by strengthening the role of the private sector in expanding the industrial base of large- and medium-sized industries.
Inflation, currency fluctuation create opportunities for world firms to invest in Egyptâs real estate sector
âWe are looking forward to having approximately 100 companies in Cityscape Egypt 2022, says Alexander Edwards
Egypt halts importing products from 814 foreign and local factories and companies
The companies in question did not provide the required documents, and so legal measures were taken to implement the rules of the registration system: Trade Ministry