Annual Headline Inflation Up to 14.1% by End-May: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a 1.1% rise in Egypt’s annual headline inflation rate in May, hitting 14.1%, up from 13% a month earlier.
Egypt’s Property Prices Hike by 75% Since EGP Flotation
Real estate prices in the Egyptian market have hiked by an average of 75% since the EGP flotation in November 2016 until now, backed by rises in implementation costs and materials.
Amlak Finance Expects Egypt’s Mortgages to Surpass EGP 3 bn in 2019
Mohamed Salama, marketing and product manager at Amlak Finance Egypt, expects the value of mortgage financing to surpass EGP 3 bn in 2019.
Egypt’s Foreign Reserves Rise to USD 42.6 bn by January-End: CBE
The Central Bank of Egypt (CBE) announced on February 5 that net foreign reserves rose to USD 42.616 bn by the end of January 2019, compared to USD 38.2 bn in the prior-year period.
Increase in Traffic on OLX Properties from Egyptian Expats After EGP Float
Egyptian expats in Saudi Arabia have the highest online demand on OLX Properties, accounting for 56 per cent of overall traffic, especially after the Egyptian government floated the EGP last November, Invest-Gate rep ...
Tourism Sector to Flourish more than Residential, Office Sectors in 2017
The recent EGP float has resulted in a 23% inflation, which is expected to increase to 25%, affecting the prices of residential units which have increased by 30%, according to JLL’s Head of MENA Research Craig Plumb ...Page 1 of 1
