News / Business

Dubai’s Resale Home Deals Hit 7-Yr High: Property Finder

The latest data by Property Finder Group shows Dubai's resale home deals have hit the highest record in almost seven years, with 2,179 transactions sealed in just one month.

Moody’s Keeps Egypt Credit Rating at B2 Thanks to Economic Strength

Moody’s Investors Service has kept Egypt’s credit profile at “B2 stable,” with a stable outlook underpinned by the country's economic strength.

Egyptian Expats’ Remittances Rise 19.6% From July to September: CBE

The Central Bank of Egypt (CBE) has uncovered that remittances sent home by Egyptian expats inched up by 19.6% YoY, or USD 1.3 bn (EGP 20.4 bn), during the first quarter of FY 2020/21.

NBK Sees COVID-19 Scars on Egyptian Economy Worn Off

The National Bank of Kuwait (NBK) has recently found that the Egyptian economy’s performance promises hopeful prospects, as the worst repercussions of the novel COVID-19 crisis wears off.

Businesses to Return to Pre-Corona Profit Levels Before 2023: HSBC

Results of a recent HSBC poll show that almost nine in 10 (89%) Egyptian businesses forecast revenue growth in 2021, whereas 83% foresee their bottom lines to bounce back to pre-Coronavirus levels by the end of 2022.

Egypt Among World’s 10 Fastest-Growing Economies in 2020: Bloomberg

US-based news agency Bloomberg has reported that Egypt’s recovery from the ordeal of the ongoing Coronavirus hit turned it into one of the world's 10 fastest growing economies in 2020, thanks to the economic reform program.

Coldwell Banker Egypt, Sakneen Announce Integrated Technology Solutions

Coldwell Banker Egypt and Sakneen announce a new Strategic Partnership to provide Integrated Technology Solutions to the Real Estate Sector

Egypt’s Hotels Worst Hit in MENA Region Amid COVID-19: Colliers

Colliers International’s latest MENA Hotels Quarterly Review (Q3 2020) shows that Egyptian hotels have been the region’s worst-hit so far by COVID-19, with occupancy going down at least 50% during this year, despite the resumption of international flights and reopening of prime tourism spots.

Cityscape Egypt’s Next Edition to Show Big Appetite for Real Estate

Organizers at Cityscape, the most influential property exhibition in Egypt, are confident that this year’s event will show the local real estate sector’s appetite to get "back to business," with several key drivers such as central bank efforts, changing buyer needs, and ongoing investment confidence minimizing the impact of COVID-19 on the market.

Egypt Receives 300,000 Tourists Since July: EJB President

The Egyptian Junior Business Association (EJB) has uncovered that Egypt has seen a substantial number of tourist arrivals in the recent period, despite the ongoing COVID-19 crisis, with almost 300,000 visitors checking in the country since July.

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