Mortgage finance system needs to finance off-plan units under supervision of independent entity established for this purpose, says Abdel Hamid
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Decision means that Egypt can import from Russia in Egyptian pound
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.
Demand was not affected by the insane increase in gold prices
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.
Egypt’s 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.
Darah achieves the presidential initiative objectives to improve the level of housing services in governorates’ capitals and major cities: UDF Chairperson
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).
The report said that this development may reflect a rebalancing of flows among host countries and regions.
Several property developers join ‘Sustainable Communities Initiative: Building for Better Lives’
Manufacturers calls for new initiatives to support industry after raising interest rate
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.
Companies resort to overpricing units in order to afford guaranteed rental income to customers
Company plans to direct EGP 3bn to construction works in 2022, says CEO Abdallah Sallam
Applying value engineering in various projects can save between 7 to 10% of the total construction cost
Manufacturers demand opening documentary credits for imports in banks
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.
Cabinet’s property sale rules is good step, contributes to regulating sector, say developers
Real estate developers praise Cabinet’s controls to regulate property sale
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.
During the opening of the 29th Afreximbank Annual Meetings on Wednesday, Amer said: “We 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.”
Mortgage finance is only and optimal solution to get out of global crisis, says Hisham Talaat Moustafa
The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and the World Bank (WB) published a joint report recently titled ‘Unlocking Sustainable Private Sector Growth in the Middle East and North Africa’ (MENA). The report analyses constraints on productivity growth and limited accumulation of factors or production in MENA’s private sector.
Growth is projected to strengthen in North Africa lifted by impressive performance of Egypt, says report
The report said that Egypt’s 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.
President of the Chamber of Commerce in Cairo Ibrahim Al-Araby stated that the president’s 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.
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.
This will be done by strengthening the role of the private sector in expanding the industrial base of large- and medium-sized industries.
‘We are looking forward to having approximately 100 companies in Cityscape Egypt 2022, says Alexander Edwards
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