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Homes on sale at Emaar’s latest Egyptian adventure

A UAE property developer has officially opened new sales in one of its most ambitious international property projects to date.

Egypt stock index dips on profit-taking, OCI lower

Egypt's main stock index declined on Tuesday as profit-taking continued across the board for a second day, with declines in heavyweight Orascom Construction Industries (OCI) (OCIC.CA)(OCICq.L), dealers said.

Morocco Urban Outfitters

Morocco News Line 31.03.2009
Egypt’s property sector remains strong due to increased demand for fixed assets

Investment and real estate development opportunities in Egypt – one of the 10 most affordable property markets in the world according to Property Guideline report – will be highlighted during the second edition of the Next Move real estate investment exhibition running from April 28 to May 1, 2009 at the Cairo International Conference Centre.

Morocco Urban Outfitters

Morocco's large construction initiatives are continuing as planned, with both public and private projects breaking new ground. The year 2009 will see a number of improvements to major metropolitan areas and infrastructure throughout the kingdom, with a particular focus on new strategies of urbanisation.

CBE cuts interest rates on back of falling inflation

Theodore May The Daily News Egypt 31.03.2009

Morocco's Addoha sees big sales gain in 2009

Tom Pfeiffer Reuters 30.03.2009
CBE cuts interest rates on back of falling inflation

For the second time this year, the Central Bank of Egypt (CBE) cut interest rates on the news that inflation continues to decline. The CBE slashed overnight deposit and lending rates by 0.5 percent each to 10 and 12 percent, respectively.

Morocco's Addoha sees big sales gain in 2009

Says 2008 profit leaps 65 pct despite one-off provision * Sale commitments point to big increase in 2009 turnover (Adds detail on property type, Moroccan economy, analyst

Egyptian indexes gain as confidence returns, OCI up

Egyptian stock indexes recouped early session losses to close firmly in the green on Sunday as retail investors descended on the market in force, traders said.

Moroccan developer CGI 2008 net profit up 38 pct

Moroccan real estate developer Cie. Generale Immobiliere reported 38 percent growth in 2008 net profit as new projects came to fruition and said the global economic crisis would not disrupt its plans.

Lafarge sees Morocco cement market growing in 2009

* Lafarge sees state housing supporting Morocco cement mkt * Says has capacity to meet any pick up in demand

Orascom Development posts 14 pct rise in '08 profit

Swiss-based property developer Orascom Development (ODHN.S)(ODHN.CA) posted a 14 percent rise in net profit to 96.3 million Swiss francs ($85.8 million) on Wednesday

Is Tunis the New Dubai on the Mediterranean?

HABIBA ANWAR Middle East Times 27.03.2009
Is Tunis the New Dubai on the Mediterranean?

Dubai entered 2009 by becoming yet another victim of the global credit crunch; an exodus of foreign investors has been taking place during the first three months of 2009.

Spanish property firm expands to Tunisia with off plan scheme

A real estate company already known for its presence in the Spanish property market has revealed plans to sell a new five-star resort in Tunisia.

Morocco fights rising tide of fraud

John Thorne, The National 23.03.2009
Moroccan developer CGI 2008 net profit up 38 pct

- Moroccan real estate developer Cie. Generale Immobiliere reported 38 percent growth in 2008 net profit as new projects came to fruition and said the global economic crisis would not disrupt its plans.

A demolished house in Lahraouiyine, where illegal, sub-standard building has been rife. John Thorne / The National

Morocco // Three years ago a street vendor named Mohammed built a house in the Casablanca slum of Lahraouiyine, and since then he has not slept easy.

New Egypt development announced

Propertyshowrooms 18.03.2009

Egypt’s real estate market loses its fizz

Heba Saleh The Peninsula Qatar 18.03.2009
New Egypt development announced

A new residential property development has been announced for Egypt

Egypt’s real estate market loses its fizz

Luxury housing developments on the desert outskirts of Cairo and in beach resorts have been one of the more visible outcomes of strong economic growth in Egypt during the past three years. Wealthy Egyptians have been flocking togated compounds on the eastern and western edges of Cairo in search of suburban lifestyles offered by big houses set in gardens with swimming pools. The new, upmarket neighbourhoods are a far cry from the cramped apartments in the noisy and traffic-choked city where until a few years ago rich and poor lived cheek by jowl.

Egypt Property reigns supreme

Nubricks 18.03.2009

Egyptian developer Palm Hills 08 net profit surges

Cynthia Johnston Reuters 18.03.2009
Egypt Property reigns supreme

Thailand surprised everyone by nabbing the top spot on TheMoveChannel.com’s December’s Investment Property watch chart, but it couldn’t hold onto the gold in January - Egyptian property elbowed its way past to take first place on the list, which charts the level of interest in certain properties and countries from visitors to the site…

Egyptian developer Palm Hills 08 net profit surges

Egyptian real estate developer Palm Hills (PHDC.CA)(PHDCq.L) trebled its net profit for 2008 to 658 million Egyptian pounds ($116.7 million) as it penetrated the middle income market, the firm said on Monday. It said that net sales more than doubled to 1.234 billion pounds and that the Palm Hills land bank continued to grow, reaching 48.8 million square metres in 2008, an increase of 29 percent from a year earlier.

 
World's Largest Swimming Pool to Be Built by Crystal Lagoons in the Egyptian Desert

Crystal Lagoons, creators of the world's largest swimming pools, works with important local investors in a US$5,500 million real estate development at Sharm El Sheikh that contemplates the construction of twelve giant lagoons, 30,000 home units, five star hotels, a museum and a shopping center

 
 

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