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2008 News

June

Valuation up for Orascom land at EL Gouna in Egypt
Reuters.com
Monday, June 30, 2008

CAIRO (Reuters) - Orascom Development Holding AG (ODH) said on Monday the international real estate company ERA had valued its residual stock of land in El Gouna on the Red Sea coast at $1.7 billion.
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Low Prices Attracting Investors to Egypt
homesgofast.com
Sunday, June 29, 2008

While much of the rest of the world is suffering from high real estate prices and a credit crunch, Egypt is benefitting due to its low property prices.
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Buying property abroad: Egypt
thisismoney.co.uk
Friday, June 27, 2008

From its improbable pyramids and treasures, Tutankhamun's tomb to the spectacular coast, Egypt features on most people's must visit list.
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A novel way to "diy" in Egypt
easier.com
Tuesday, June 17, 2008

A British developer has created a wonderfully attractive niche property market for those investors/holiday home seekers looking for something a little bit special.
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New flights schedule Egypt as the next big thing
easier.com
Tuesday, June 17, 2008

Travelling to Egypt from the UK is set to become easier for those in the North, as Jet2holidays and Jet2.com announce new flights from Leeds Bradford International Airport to Sharm el Sheikh.
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Egyptian housing company to build in Khartoum
afriquenligne.fr
Friday, June 13, 2008

Cairo, Egypt - An Egyptian real estate company is investing in Sudan on a new housing project worth about US$411 million.
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Talaat Would be Proud
BusinessToday.Com
June, 2008

Hesham Talaat Moustafa discusses real estate, the IPO and his plans for TMG
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Egypt govt promises new Saudi project in 72 hours
MenaFN.Com
Monday, June 9, 2008

(MENAFN - Arab News) As part of a drive to attract more foreign investment, authorities in Egypt have slashed the processing time of new projects financed by Saudis from three months to 72 hours.
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UPDATE 1-Egypt's Palm Hills says to invest $561 mln in Saudi
Reuters.Com
Sunday, June 8, 2008

Egyptian developer Palm Hills PHDC.CA (PHDCq.L: Quote, Profile, Research) said on Sunday it would invest 3 billion Egyptian pounds ($561 million) with a local partner to develop land in Saudi Arabia, its first projects outside Eygpt.Egyptian developer Palm Hills PHDC.CA (PHDCq.L: Quote, Profile, Research) said on Sunday it would invest 3 billion Egyptian pounds ($561 million) with a local partner to develop land in Saudi Arabia, its first projects outside Eygpt.
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California delegation visits Emaar Misr
TradeArabia.Com
Saturday, June 7, 2008

Emaar Misr for Development SAE, the wholly-owned subsidiary of Emaar Properties, hosted a delegation of Urban Land Institute (ULI), the California-based global real estate forum that represents the entire spectrum of land use and real estate development disciplines.
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Egypt’s thriving property market
PrincipalInternational.Co.UK
Thursday, June 5, 2008

As more and more tourists head for the red sea, investment opportunities continue to grow. The Egyptian economy has experienced a remarkable turnaround in recent months and is proud to be able to offer savvy investors significant opportunities to buy low cost luxury property with an excellent rate of return.
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Steel price caps and cement export bans effective in Egypt
SteelGuru.Com
Thursday, June 5, 2008

Daily Star Egypt reported that Mr Hisham Talaat Moustafa chairman of General Section of Real Estate Investment has lauded Egypt government’s recent decisions taken to cool rapidly spiraling prices.
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Egypt's bourse falls on local retail selling
Guardian.Co.UK
Tuesday, June 3, 2008

CAIRO, June 3 (Reuters) - Egyptian shares dropped for a third session in a row on Tuesday in low volume trading as local retailers tended to sell in the absence of significant corporate material events, brokers said.
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