Ukraine, Egypt explore preferential trade deal: Zelenskyy    Egypt, Russia's Rosatom review grid readiness for El-Dabaa nuclear plant    Mastercard Unveils AI-Powered Card Fraud Prevention Service in EEMEA Region, Starting from Egypt    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    China's factory output expands in June '25    Egyptian pound climbs against dollar at Wednesday's close    New accords on trade, security strengthen Egypt-Oman Relations    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Gaza under Israeli siege as death toll mounts, famine looms    EMRA, Elsewedy sign partnership to explore, develop phosphate reserves in Sebaiya    Philip Morris Misr announces new price list effective 1 July    Egypt Post discusses enhanced cooperation with Ivorian counterpart    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt in diplomatic push for Gaza truce, Iran-Israel de-escalation    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Egypt, Tunisia discuss boosting healthcare cooperation        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Shaimaa Al Aees
Egypt offers large areas of industrial land free of charge
Egypt's Prime Minister Mostafa Madbouly has announced that the government is currently preparing for establishing an industrial city project on an area of 5 million sqm in New 6th of October City. The project includes industrial, logistical, (...)

03 - 01 - 2023
Egypt's gold mania result of traders' speculation, not demand-driven: Pundits
Gold prices in Egypt witnessed unprecedented spikes several times after the Russian-Ukrainian crisis, reaching record-high levels. The price of a gram of 21-karat gold exceeded EGP1200 ($48.73) for the first time on 9 May, to exceed it on 15 (...)

27 - 12 - 2022
Egypt's Real Estate Development Chamber to propose new financing mechanisms in coordination with CBE
The Board of Directors of the Real Estate Development Chamber at the Federation of Egyptian Industries presented the most prominent successes achieved by the chamber during 2022. These successes were based on the continuous follow-up of market (...)

19 - 12 - 2022
IMF loan to secure hard currency needed for importing production requirements: Manufacturers
The International Monetary Fund (IMF) Executive Board Friday approved a 46-month arrangement under the Extended Fund Facility (EFF) for Egypt in an amount of $3bn. Egypt's IMF-supported programme presents a comprehensive policy package to preserve (...)

17 - 12 - 2022
Egypt's Urban Development Fund opens reservations for Darah project through HDB
Chairperson of the Urban Development Fund (UDF) Khaled Sedeek announced the opening of reservations for the Darah project — one of the projects of the presidential National Sustainable Cities initiative — starting from Sunday 18 December until (...)

12 - 12 - 2022
Reducing subsidisation of financing initiative for middle-income segment places burden on property developers: Experts
The Egyptian government announced that it is reducing the subsidised financing tranche allocated within the mortgage financing initiative for the middle-income segment at an 8% interest rate on a decreasing basis to EGP 15bn instead of EGP 50bn (...)

05 - 12 - 2022
Egypt to witness 2.7% increase in remittance flows for 2022: The World Bank
Egypt is expected to gain about 2.7% in remittance flows for 2022 to reach $32bn, according to the World Bank's Remittances Brave Global Headwinds Special Focus: Climate Migration report. The report said that this development may reflect a (...)

03 - 12 - 2022
Adopting flexible exchange rate to benefit Egyptian exports
Manufacturers, exporters, and experts agreed that there is no doubt that the Egyptian pound flotation would significantly increase Egyptian exports. They believe that the depreciation of the Egyptian pound against the dollar will increase the value (...)

29 - 10 - 2022
Schneider Electric provides equal opportunities to ensure employees feel uniquely valued, safe: Chief HR Officer
"Schneider Electric builds a culture of respect where everyone feels safe to be their authentic selves. We are 100% committed to inclusion and our policies reflect this commitment to our employees," said Chief HR Officer at Schneider Electric (...)

23 - 10 - 2022
Developers' offering guaranteed rental income to property owners is 'advertising', unrealistic: Experts
Some real estate developers came up with an unusual idea to market their projects, especially in the New Administrative Capital, as they would offer guaranteed rental income to unit owners for a specified period after completing the project, even if (...)

03 - 10 - 2022
MNHD intends to deliver 1,500 units by year-end
Madinet Nasr for Housing and Development (MNHD) has completed the delivery of approximately 832 units during the first half of this year, as part of its plan to complete between 1,500 – 2,000 units by the end of 2022, up from 1,090 units delivered (...)

23 - 09 - 2022
Adopting value engineering would circumvent building materials' price hikes
The price spikes in construction materials in Egypt's real estate market, high rates of inflation, and the interest rates have led real estate developers to increase their units' prices amid expectations that prices will hike by more than 30% by the (...)

29 - 08 - 2022
Federation of Industries confirms need for new monetary policies to promote industrial investment
The Federation of Egyptian Industries (FEI) affirmed that the current period is in need of new monetary policies that promote industrial investment, as well as new policies needed by the national economy and the Egyptian industry in particular. The (...)

18 - 08 - 2022
Egypt's industry still needs support, much work to be done by new minister
Former MP Ahmed Saleh was appointed as the new Minister of Industry and Trade — succeeding Nevine Gamea — on Saturday, with many believing that he has his work cut out for him, given that the state's current strategy relies heavily on (...)

15 - 08 - 2022
Real estate developers believe Egypt's property market capable of absorbing shocks
Chairperson of Hometown Developments Diaa El-Din Farag has stated that the real estate sector faces some challenges, including increase in prices of building materials, and shortage of some raw materials, due to low production and importation (...)

22 - 06 - 2022
Think Commercial roundtable suggests new mechanisms to deal with global challenges
The 6th Think Commercial roundtable stressed the importance of market controls issued by the Egyptian Cabinet to regulate the sale of real estate units in Egypt. The roundtable, titled "Egypt's Real Estate Market: Mechanisms to Overcome the Global (...)

21 - 06 - 2022
Proposal to provide mortgage for under-construction units stimulates local market, but needs CBE support
Egypt's Financial Regulatory Authority (FRA) held a meeting last week of the Mortgage Finance Advisory Committee to discuss proposals for developing the mortgage finance system, overcoming any obstacles facing it, and increasing mortgage finance (...)

20 - 06 - 2022
Egypt works hard to contain current, future inflation, maintain jobs, investments: CBE Governor
Egypt works hard to fight the current and future inflation, maintain growth, and protect jobs. This is a very difficult formula to keep investments and put inflation under check, which the Central Bank of Egypt (CBE) is currently struggling about. (...)

15 - 06 - 2022
Property developers suggest solutions to overcome bottleneck in market
Several challenges are facing Egypt's real estate sector at the present time in light of economic changes that the whole world is witnessing, and what i reflected in the hikes in prices of building raw materials. In addition to a number of internal (...)

13 - 06 - 2022
Egypt has become symbol of growth resilience in Africa: Afreximbank
As the only one of the three Africa largest economies (the others are Nigeria and South Africa) where GDP growth expanded strongly even at the peak of the pandemic downturn (3.3%), Egypt has become the symbol of growth resilience for the continent, (...)

12 - 06 - 2022
24% of Egypt's firms believe that tax rates are the main obstacle to enterprises: Report
A lack of access to finance is by some margin the main concern of Egyptian businesses, however, 24% of respondents most frequently consider tax rates to be the main obstacle to their companies, according to a report. The European Investment Bank (...)

12 - 06 - 2022
World Bank raises its forecast for Egypt's economic growth by 0.6% for FY2022
The World Bank expects the Egyptian economy to grow by 6.1% in fiscal year (FY) 2021/22, raising its previous forecast in January by 0.6%, according to Global Economic Prospect June 2022. The report said that Egypt's growth slowed in early 2022 (...)

07 - 06 - 2022
President's directives restore pricing discipline, support local industrialisation: Egyptian business community
Egypt's business community received news of President Abdel Fattah Al-Sisi's directives to exclude production requirements and raw materials from documentary credit procedures that were recently applied to import process and return to the (...)

12 - 05 - 2022
Increasing demand for Ramadan ads to sell properties amid decline in demand
This year's Ramadan witnessed a significant increase in advertising campaigns from real estate developers despite the noticeable decline in property sales caused by the global crisis kickstarted by the Russian-Ukrainian conflict. In spite of a high (...)

09 - 05 - 2022
Egypt's presidential initiative to support, localise national industries to rely on local products, stimulate exports, provide job opportunities
In the Egyptian Family Iftar event that was held on Tuesday, President Abdel Fattah Al-Sisi announced that the government is paying more attention to the country's industry by launching an initiative to support and localise national industries to (...)

27 - 04 - 2022
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