Features

Karim Mohy

  • Egypt’s Contractors Push Back on Value-Added Tax
    Financial

    Egypt’s Contractors Push Back on Value-Added Tax

    Sunday, 20th November 2016
    While rising costs due to currency depreciation and inflation are seen as largely positive for real estate demand in Egypt in general, and neutral to positive for developers in particular, rising costs due to the recent and long-delayed imposition of the value added tax (VAT) are being deeply felt by the country's contractors.
  • Egypt’s Real Estate Sector Poised to Benefit from Depreciating EGP
    Financial

    Egypt’s Real Estate Sector Poised to Benefit from Depreciating EGP

    Thursday, 10th November 2016
    For domestic investors facing the economic vagaries of the past few years and the hopeful but volatile immediate term, Egypt’s real estate sector remains a popular hedge against inflation and a sliding currency. The Central Bank of Egypt’s decision earlier this month to float the overvalued Egyptian pound should see property prices more or less track the pace of inflation.