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2008 News
July
CIB Gets US Loan to Expand Mortgage Finance in Egypt
Daily News Egypt
Monday, July 28, 2008
CAIRO: Egypt’s Commercial International Bank (CIB) announced Monday it received a $250 million (LE 1.3 billion) loan from the US government to expand low- and middle-income mortgage lending in Egypt.
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Egyptian Economy Tipped to Grow
Propertyshowrooms.com
Friday, July 25, 2008
Egypt's gross domestic product (GDP) could increase by as much as 6.8 per cent over the next year, experts have predicted.
Reuters carried out a poll of leading economists in order to determine how much the country's economy is likely to expand in the 2008-09 fiscal year.
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Egyptian Government Delights Property Investors
Principal International
Thursday, July 24, 2008
Egypt has long been a must-see holiday location, teeming with history and culture. The Great Pyramids are enough to leave even the most discerning holidaymaker awe-struck. Moreover, Egypt boasts a wealth of luxurious holiday resorts, foremost among which stands Hurgharda.
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Egypt's Alexandria Real Estate H1 net drops 42 pct
Reuters.com
Sunday, July 20, 2008
CAIRO, July 20 (Reuters) - Egypt's Alexandria Real Estate Investment AREI.CA posted a 42 percent drop in net profit before minority interest to 235.6 million Egyptian pounds ($44.4 million) for the first half of 2008, the stock exchange said on Sunday.
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Propertyshowrooms.com Announces Stunning New Development on Egypt's Red Sea Riviera
emediawire.com
Saturday, July 19, 2008
Egypt continues to be a property hotspot as the latest property development from international investment company Propertyshowrooms.com reveals.
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Egyptian mortgage market catching up with booming property market
PropertyWire.com
Friday, July 18, 2008
The amount of mortgage finance in Egypt is expected to double in the next year as it catches up with the country's booming property market.
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Rising cost of construction materials props property prices
Daily News
Thursday, July 17, 2008
CAIRO: Among the many obstacles to housing in Egypt, the rising cost of building materials has been the most controversial.
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Sorouh Real Estate partners with Egyptian firm to set up Emirates Foundation
gowealthy.com
Thursday, July 17, 2008
Sorouh Real Estate, one of the leading real estate developers in Abu Dhabi has partnered with Orascom Construction Industries (OCI), Egypt's largest builder by market value, to set up a firm, Emirates Foundation, in the UAE to fill a gap in construction services in the light of a regional property boom.
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Egypt's Talaat Moustafa says H1 net profit $164 mln
Reuters.com
Sunday, July 13, 2008
CAIRO, July 13 (Reuters) - Egyptian real estate developer Talaat Moustafa TMGH.CA posted a net profit of 875 million Egyptian pounds ($163.9 million) after tax and minority interests in the first half of 2008.
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Samih Sawiris on Orascom’s low-income housing project (Part II)
Daily News Egypt
Tuesday, July 8, 2008
CAIRO: With the plethora of upscale real estate developments on offer, it may be hard to believe that there is a housing shortage in Egypt. Yet, that is exactly the case, namely for the lower-income bracket.
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Egypt gives property tax law final approval
bi-me.com
Wednesday, July 2, 2008
EGYPT. After long and heated discussions, the People’s Assembly in Cairo ratified last week the property tax law with an exemption threshold of LE 500,000 and a levy at 10% of a property’s annual rental value.
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Summer steel prices soar
Daily News
Wednesday, July 2, 2008
CAIRO: In line with experts’ expectations, Egypt’s giant steel producer Al Ezz Steel Rebars increased Tuesday its July market prices by LE 570 per ton.
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