amwalalghad :: Real Estate

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Business - Real Estate

Amwal Al Ghad English - 2016-08-06 10:09:05
British investors are one of the largest group of investors in Dubai’s property markets but the decision by the UK to leave the European Union is unlikely to have much of an impact, according to experts. As the most open real estate market in the Middle East, Dubai has always found itself more susceptible to external factors. But, despite the interim uncertainty brought about as a result of Brexit the emirate unlikely to feel any long term effects, says a report from international real estate firm JLL. British citizens are the third largest investors into Dubai’s real estate market, potentially leaving them more susceptible to any negative impacts from Brexit, however, JLL’s Craig Plumb, head of research for The Middle East and North Africa, believes that any negative ramifications will only be temporary. ‘Even though it is too early to predict the long-term implications, overall there is a slight probability of British investors being negatively impacted by the devaluation of the British Pound following Britain’s decision to exit the European Union,’ he said. More»
Amwal Al Ghad English - 2016-08-04 14:29:26
The New Urban Communities Authority is set to invite number of real estate developers to compete in a new phase of public-private partnership (PPP) projects with estimated investments of 230 billion Egyptian pounds ($25 billion). The offered partnership projects seek to develop eight plots of land with a total area of 2,855 feddans in four new cities. The real estate firms that have been shortlisted for the bid are SODIC, Palm Hills for Development, Mountain View, Emaar Misr, Al Ahly for Real Estate Development, Wadi Degla Developments, Zizinia- ARDIC, Qatari Diar, City Stars for Real Estate Development, Futtaim Group, Porto Holding, and North Africa for Real Estate Development. Other firms that wish to apply must have experience developing land areas between 100-500 acres, and preference is given to companies that can provide funding in US dollars. More»
Amwal Al Ghad English - 2016-08-04 13:43:07
Egypt’ public company, listed on Egyptian Exchange (EGX), Al Shams Housing and Urbanization (ELSH) boosted higher profits by 15.0 percent during the second quarter of 2016. The company generated 14.20 million Egyptian Pounds ($1.60 million) year-on-year up from 12.34 million pounds ($ 1.39 million), the unaudited financial results revealed. More»
Islam Salah - 2016-08-04 13:26:39
Chinese leading new industrial city operator China Fortune Land Development Company (CFLD) targets injecting new investments of around US$20 billion into Egyptian market within the coming ten years. A representative of the Chinese firm stated Thursday that CFLD's future plans rely on making  Egypt its regional centre in the Middle East and North Africa besides investing in Egypt's New Administrative Capital City. The official noted that CFLD is set to organise global exhibition in China to encourage international and Chinese firms to invest in Egypt with the attendance of more than 300 large global companies. On other side, Egyptian investment minister Dalia Khorshid asserted that Chinese investors are optimistic and trust Egypt's investment climate. She emphasised that those investments would positively affect the national economy as they would provide more job opportunities for Egyptian youths. Investment ministry is set to form a technical business group including representatives of the ministry and CFLD to make study for company's business in Egypt. The study is set to be submitted for all ministries and organisations, the minister noted. Moreover, minister Khorshid added that Egyptian-Chinese relations are deep in all fields. More»
Amwal Al Ghad English - 2016-08-04 11:52:15
Egypt’s ministry of housing and World Bank has signed a consultancy contract to finance the sustainable sewage services program in 155 rural villages, reported Invest Gate. Minister of Housing Mostafa Madbouly attended along with several other officials the ceremony in which the agreement of the $550 million loan has been signed. The World Bank loan will be paid back over 30 years according Randa Minshawi, the first Undersecretary of the Housing Ministry and the Head of the Projects Management Unit (PMU). She added that the project aims to design and implement the first phase of the program to cover sanitation services in 155 villages spread over three governorates. The villages include the contaminated villages of Al-Salam Canal and the Rosetta Branch, which are about 53 villages in Sharqia, 94 villages in Dakahlia, and eight villages in Beheira. About 167,000 house connections will be carried out to serve about 833,000 people,” Minshawi explained. More»
Marwa Himdan - 2016-08-04 11:18:13
Egyptian General Authority for Roads, Bridges & Land Transport is currently establishing 55 new bridges among Regional Ring Road that extends from Belbees City – Eastern Cairo City- to ElSadat City – in the western fringe of the Nile Delta, according to the minister of transport Galal El-Said. The 55 new bridges will be erected within the sector that connects Banha and Alexandria desert road; divided into seven divisions that include establishing the 4 km long Banha-Nile road with total cost of 500 million Egyptian pounds, the 1 km long Banha- agriculture road with total cost of 250 million pounds, 10 bridges and an 8 km tunnel with total cost of 800 million pounds. More»
Maha Essam,Marwa Himdan - 2016-08-04 10:05:51
Egypt's property developer, Wadi Degla Holding aims to record contractual sales of 5 billion Egyptian pounds (US$ 563 million) in 2016 compared to 3 billion pounds a year earlier, its deputy CEO  Amr Al Kady said Thursday. The company would achieve the sales through promoting 3,000 units in different projects and launching new phases within the already existed projects long with establishing new ones, Al Kady added. More»
Marwa Himdan - 2016-08-03 14:39:59
Egypt-based Redcon Construction Company is set to complete works in its new administrative building dubbed as “Green Edge” in the Fifth Settlement by the end of August, its chairman Tarek El-Gammal said Wednesday. The new administrative building is with total cost of 800 million Egyptian pounds ($ 90 million), situated over 35,000 meter square in a distinctive district in New Cairo. El-Gammal told Amwal Al Ghad that his company would likely offer units in the new administrative building for the national and international companies in Egypt. More»
Amwal Al Ghad English - 2016-08-03 13:54:11
Real estate market transparency is increasing across the globe and 75% of investment now takes place in highly transparent markets, new research shows.Globally, transparency scores have increase by an average of 2.4% from 2014 to 2016, down slightly from the 2.9% recorded in 2010 to 2012 and the 3.4% from 2012 to 2014, according to the latest global real estate transparency index from international property advisors JLL. The firm says that these ‘encouraging results’ highlight a real estate industry that is making steady progress through initiatives to deepen the availability and quality of market data and performance benchmarking. This is being done through new legislation to reduce roadblocks to progress, by setting higher ethical standards and by taking steps to make transaction processes more fair and transparent. The Anglosphere countries continue to dominate the upper echelons of the transparency hierarchy accounting for six of the world’s 10 highly transparent markets with the United Kingdom, Australia, Canada and the United States in the top positions. The report says that these traditional standard bearers are taking transparency to a new level, making improvements that go beyond other highly transparent markets, particularly in areas of performance measurement, market fundamentals data and valuation practices. ‘In these markets, property data is increasingly available at the city sub-market level and by property type and further improvements in performance measurement and market data are on the horizon, especially in tracking niche property sectors,’ the report says. ‘They are setting a high bar for transparency and are showing the way for other markets to follow. The world is looking to these highly transparent markets to take the lead in introducing greater transparency on beneficial ownership disclosure and on tightening up anti-money laundering legislation and procedures in the wake of the revelations from the Panama Papers,’ it explains. When it comes to improvements Central and Eastern Europe feature strongly. Slovenia and Serbia are the top improvers globally since 2014, followed by Bulgaria. These three Balkan countries have moved up into the semi-transparent category due to improving market fundamentals data and better valuation practices, but they remain well below most of the rest of Europe. More»
Amwal Al Ghad English - 2016-08-03 13:34:06
New properties listed for sale in the UK increased by 3.4% in July with 62% of towns and cities seeing an increase in supply July compared to the previous month, the latest research shows. The biggest rise was recorded in Durham with a rise of 51%, followed by Hartlepool with an increase of 32.5% and Hemel Hempstead up by 31.7%, according to the figures from online estate agents HouseSimple. London’s property supply was up 13.7% in July, with Bexley, Greenwich and Lambeth seeing new property listings rise 44.1%, 41.3% and 40.5% respectively. The index report suggests that home owners don’t appear to be too worried about the possibility of falling property prices, as July saw new property listings bounce back from June when they fell by 7.3% across the country and by 12.8% in London. However, despite the majority of towns and cities experiencing a boost in supply in July, more than a third experienced significant falls in new properties listed, including Bootle, where listings fell by 30.8% in July and Chichester with a fall of 27.7%. More»