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Government asserts preventive measures undertaken against floods

Minister of Water Resources and Irrigation Mohamed Abdel Aaty said weather forecasting, early warning systems, and remote sensing of precipitation were introduced in operation rooms that are monitoring expected winter floods. Abdel Aaty briefed President Abdel Fattah Al-Sisi Sunday on the preventive measures undertaken by the government against flood disasters, from which Egypt suffered in …

Daily News Egypt

Egyptian second-home market: a growing investment and lifestyle trend

Unlike other popular second-home destinations, such as the Seychelles, Morocco, Malta, France, and Spain, Egypt’s second-home market is not dependent on international investors and appeals primarily to Egyptians, as only 2% are foreign investors, according to global commercial real estate leader Colliers International. Colliers released its latest white paper, focusing on the Egyptian second-home market. …

Hisham Salah

Alexandria, Damietta, Red Sea ports pay EGP 439m in taxes

A number of public sector companies and bodies affiliated to the state paid more than EGP 951m in taxes for fiscal year (FY) 2015/2016. The companies submitted their tax declaration during the past period after the end of the specified time, ending on 31 April of each year, based on the fact that their fiscal …

Ahmed Farahat