News / Business

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.

Invest-Gate’s 1st RED Masterclass Makes Way for Digital Business Development in Egypt

In a move that is the first of its kind in Egypt, Invest-Gate has organized the Real Estate Digital (RED) Masterclass, in light of its keenness to help realty professionals and agents embrace timely change and have a strategic digital plan in place to bridge their online and offline business.

Gourmet Egypt Streamlines Home Delivery Services

Food producer and supplier Gourmet Egypt and technology company Softec Technologies have partnered to allow Gourmet’s operations to automate, optimize, and control home delivery as well as the inventory-routing network with artificial intelligence (AI).

Informa Markets Sees Hope in Revival of MENA Real Estate

New data released by Informa Markets, organizer of Cityscape’s Real Estate Summit, has revealed that nearly 73% expect Dubai to see the most growth in the hospitality sector over the next two years, as the UAE opens its doors to tourism, with Abu Dhabi, Turkey, Saudi Arabia, and Egypt in tow.

‘Let’s Make Your Home Special:’ IKEA Launches its Online 2021 Catalog in Egypt

IKEA, the Swedish pioneer and top-rated brand in furniture and one of Al-Futtaim Group’s companies, has successfully, electronically, and unprecedentedly launched its new edition of the 2021 catalog in Egypt. In fact, the launch coincides with the 70th anniversary of IKEA’s first catalog release, and was curated under the slogan of "Let's make your home special". 

Egyptian Real Estate Sees Buoyant Demand: Fitch Solutions

Fitch Solutions said the introduction of 20 new cities across Egypt, along with the upgrading of 23 existing areas, is stirring up demand for Egyptian real estate, in the face of Coronavirus headwinds.

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