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Business
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Economy
1/8/2024 7:31:33 PM
Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabinet's Information and Decision Support Centre.
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Business
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Economy
12/20/2023 9:20:11 PM
Egyptian leading real estate developer Talaat Mostafa Group (TMG) announced that its hotel arm, ICON, has finalized an $882 million deal to acquire a 39 percent stake in Legacy Hotels, which owns seven historical state-owned hotels, TMG’s Chairman Hisham Talaat Mostafa stated in a press conference on Wednesday.
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Al-Ahram Weekly
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Egypt
12/12/2023 11:30:33 PM
The decision to allow the sale of real estate in foreign currencies is contributing to Egypt’s dollar crunch, according to industry experts, reports Safeya Mounir
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Business
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Markets & Companies
12/7/2023 4:10:48 PM
French energy technology company Schneider Electric signed a memorandum of understanding (MoU) with Egyptian real estate developer LMD to deploy sustainable solutions across properties in Egypt and the UAE, read a press release by Schneider on Thursday.
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Business
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Economy
12/3/2023 6:49:51 PM
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said on Sunday.
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Business
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Economy
12/3/2023 2:22:32 PM
The services sector was the top recipient of foreign direct investments (FDI) in Egypt during the fiscal year (FY) 2022/2023, recording $5.94 billion, or 59.16 percent of that year’s total FDI, according to the External Position report released by the Central Bank of Egypt (CBE).
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Business
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Economy
11/30/2023 6:29:06 PM
The Egyptian government is wrapping up an initiative to sell real estate units in foreign currency to foreigners and expats to boost real estate exports and secure more hard currency amid a severe shortage in the US dollar supply.
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Business
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Economy
11/24/2023 11:09:25 AM
Egypt is considering selling real estate units in US dollars to foreigners and expatriates in a collaborative initiative with the private sector, according to a Cabinet statement released on Thursday.
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Al-Ahram Weekly
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Economy
11/21/2023 9:17:45 PM
The real estate market’s upward trajectory shows no signs of abating anytime soon, experts tell Ahmed Abdel-Hafez
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Business
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Economy
11/20/2023 7:29:55 PM
The Saudi Al-Lami Holding Group unveiled its plans to make a substantial investment of $500 million in Egypt over the next two years, targeting the flourishing tourism and real estate sectors, Mohamed Talaat Al-Lami, head of the group, said on Monday.
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Business
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Markets & Companies
11/19/2023 12:59:52 PM
Beltone Financial Holding, a large Cairo-listed investment company, announced that its wholly-owned subsidiary Beltone Real Estate Finance has obtained a license to practice real estate financing activity from the Egyptian Financial Regulatory Authority (FRA), according to the company's statement on Sunday.
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Business
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Markets & Companies
11/12/2023 4:55:50 PM
Egypt’s Administrative Capital for Urban Development Company (ACUD) is poised to announce the winner of the bid for the planning of the second phase of the new capital within the next month, Chairman Khaled Abbas stated on Sunday.
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Business
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Economy
10/30/2023 3:55:13 PM
The Egyptian Exchange (EGX) is preparing to launch a real estate exchange within four months, which will boost the local market, encouraging small investors in the sector and offering a new financing tool for developers, according to experts and key executives who spoke to Ahram Online.
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Business
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Economy
10/30/2023 2:59:58 PM
Egypt's efforts to open up residential property ownership to foreign individuals have yielded success in the third quarter of 2023 (3Q 2023).
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Business
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Economy
10/23/2023 4:47:13 PM
The Egyptian Exchange (EGX) is finalizing a system for a real estate exchange to be launched within four months, according to the bourse's Chairman Ahmed El-Sheikh.
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Business
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Economy
10/11/2023 3:53:06 PM
Egypt and the UAE shared the second place spot for value of ongoing real estate projects in the Middle East and North Africa (MENA) region in the first half (H1) of 2023, with both countries having $500 billion worth of projects, according to a report by global property intelligence JLL.
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Business
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Markets & Companies
10/2/2023 4:32:20 PM
Egyptian mega company Orascom Investment Holding (OIH) sold subsidiaries in Brazil's São Paulo for $17.88 million, according to a bourse filing on Monday.
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Business
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Economy
10/2/2023 3:24:17 PM
Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a protocol with QNB Al Ahli, the Egyptian arm of the Qatari QNB Group, to offer EGP 2 billion in financing for low- and middle-income citizens.
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Al-Ahram Weekly
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Egypt
9/30/2023 9:39:00 AM
Experts explain why real-estate developers in Egypt are making higher profits despite selling fewer units.
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Business
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Economy
9/25/2023 5:21:37 PM
The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments in the sector and 85 percent of all ongoing real estate projects in the country, according to a report by Property Finder.
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