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2008 News
May
Major Egyptian Developer Defies Credit Crunch
Easier
26 May, 2008
When the going gets tough the tough get going as the saying goes. This is typified nowhere better than in Egypt where one of the largest developers in the country is defying the odds to allow overseas investors a unique opportunity.
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Tourism Continuing To Rise In Egypt
AHN
24 May, 2008
Cairo, Egypt (AHN) - A new report by the United Nations World Tourism Organization has said that tourism is rising in Egypt. The report also said that investing in property in the North African nation "could be good news."
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Egypt's Tourism On The Up, Says Report
Propertyshowrooms.com
23 May, 2008
A new report from the United Nations' World Tourism Organisation could be good news for anyone considering investing in property in Egypt.
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Turkey, Egypt, Florida Hotspots - Spain, Greece, Italy Not
Nubricks.com
23 May, 2008
Turkey, Egypt, Morocco and Florida are top of the holiday charts this summer. As the weakness of the pound and dollar against the Euro continues to grab the headlines in the financial press, its impact on the ground can be seen in this summers holiday bookings, with greater numbers of British travellers opting to head further afield to holiday abroad in the emerging overseas property markets of Turkey, Egypt and bargain basement Florida.
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Buy In Egypt For Rising Rental Returns
Homesworldwide.co.uk
22 May, 2008
Tourism figures in Egypt grew by 20 per cent in 2007 according to the United Nations World Tourism Organisation (UNWTO). In 2007, almost 46 million visited the Middle East, with Egypt receiving around ten million.
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Egypt Tourism Visitors to Rise to 14 Million
Nubricks.com
21 May, 2008
Despite attracting some 11 million tourism visitors annually and making Egypt something of a leading tourism and overseas property hotspot, the Egyptian Tourism Minister Zuheir Garana wants to attract still more tourists to Egypt. He has announced ambitious plans to increase the number of Egyptian tourists to 14 million by the end of 2011 which will require 240,000 hotel beds.
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Rise in Tourism Puts Egypt on Investment Map
Aboutproperty.co.uk
21 May, 2008
Tourism figures in Egypt grew by 20 per cent in 2007 according to the United Nations’ World Tourism Organisation (UNWTO).
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ARTOC to Buy Steel Structuring Plant in Egypt, Chairman Says
Bloomberg.com
20 May, 2008
May 20 (Bloomberg) -- ARTOC Group for Investment and Development, an Egyptian company that invests in real estate and industry, plans to buy a local steel structuring plant and is in talks with an Argentine company to build a pharmaceutical factory.
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Ohlson Architectural Firm Picked to Design $730M Project in Cairo
Denver Business Journal
20 May, 2008
Colorado's Ohlson Lavoie Collaborative has been named architect of record for the long-planned, $730 million, 8 million-square-foot Cairo Financial Center mixed-use project in Egypt.
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UAE Needs to Invest in Egypt Farm Sector
Emirates Business 24/7
13 May, 2008
General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday met Egyptian Ministers of Trade and Industry and of Agriculture and Land Reclamation Rachid Mohamed Rachid and Amin Abaza. During the meeting, also attended by Minister of Presidential Affairs Sheikh Mansour bin Zayed Al Nahyan, they discussed means of boosting ties.
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Global Investment House Starts Its Operation in Egypt
Al Bawaba
12 May, 2008
El-Quqa: Global’s presence in Egypt is significant to the company’s history and is an important addition to Global’s presence in the region.
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UPDATE 1-Egypt's Palm Hills Posts Q1 Profit of $37 mln
Reuters
12 May, 2008
CAIRO, May 12 (Reuters) - Egypt's Palm Hills Development PHDC.CA(PHDCq.L: Quote, Profile, Research), which began trading on Egypt's stock exchange on Thursday, posted a first-quarter pretax profit of 199 million Egyptian pounds ($37 million) on Monday.
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Emaar Misr Unveils Components Of California Styled Community In New Cairo City
Middle East Events
11 May, 2008
Cairo, Egypt - May 11, 2008: Emaar Misr for Development S.A.E, the wholly owned subsidiary of Emaar Properties PJSC, has unveiled the components of its EGP 5.75 billion (US$1 billion) New Cairo City project - an elegant, Santa Barbara California-inspired residential and mixed-use development of 885 acres near the American University in Cairo and just 20 minutes from the Cairo International Airport.
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Hill, Egypt's Talaat Moustafa Agree Joint Venture
Reuters
05 May, 2008
CAIRO, May 5 (Reuters) - U.S.-based Hill International Inc (HIL.N: Quote, Profile, Research) and Egyptian developer Talaat Moustafa Group TMGH.CA said on Monday they had formed a joint venture for construction projects in the Middle East.
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Hurghada’s Pearl Vista - Top quality at Rock-bottom Prices
Easierproperty.com
04 May, 2008
Egypt’s Red Sea resort of Hurghada enjoys enduring popularity with divers, golfers and beach-lovers all underpinned by the fact that winter sun can be reached in less than five hours from major European cities (London 4.5 hours, Munich 4 hours, Rome 3.5 hours).
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Damac Properties First ISO Certified Real Estate Development Company in Egypt
AME Info
05 May, 2008
Damac Properties, the largest private sector luxury developer in the Middle East, has achieved the ISO 9001:2000 certification for its Egypt operations.
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Foundations for Growth
Business Today
01 May, 2008
Encompassing the production of steel, cement, waterproofing and insulation materials, Egypt’s building and construction material industry currently accounts for around 7% of the country’s GDP and employs more than a million people.
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The Taxman’s Day
Egypt Today
May 2008
Veteran agitator Kamal Abu Eita led his colleagues at the Real Estate Tax Office into a sit in — and won wage hikes and bonuses for thousands of workers.
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