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Latest in Real Estate


Real estate companies on involuntary Ramadan hiatus

By Hamada Ismail With Ramadan falling during the summer this year, real estate companies are on hiatus, reorganising their plans and evaluating their accomplishments. Before Ramadan, 5 real estate expos were held, extending over 24 days. However, results disappointed companies and didn’t satisfy participants, given decreased client participation and weakened sales. Sales were expected to …

Daily News Egypt

realestate

Real estate companies adapt as Ramadan falls in their highest season

By Hamada Ismail Real estate companies extended their promotional offers to include the month of Ramadan in an attempt to support the relative growth the sector has experienced during the last several months. The offers included extended financing periods, lowered down payments, discounts for up-front payments, and gifts such as furniture. Traders in the sector …

Daily News Egypt

5 4 MB Slums CP P

FJP takes a shot at fixing slums

By Mohamed Darwish Solving the problem of slums located all over Cairo is part of President Mohamed Morsy’s first-100-days presidential programme. He has stressed that housing is among the fundamental rights of Egyptians and that the state must remove obstacles to guaranteeing housing for every citizen. Dr Abolfotouh Shanan, a professor of planning and one …

Daily News Egypt

Shorouk City to offer 100 acres for bidding, starting 2013

By Badawy Shalaby Abdelmoteleb Mamdouh, head of the El-Shorouk City administration, announced that the city will make 100 acres available for investors at the beginning of next year. The land is suitable for all commercial or educational purposes. Mamdouh said that the plots will range from 8,400 square metres to five acres. The city will …

Daily News Egypt

Al-Khabir’s director forecasts revival of real estate market

By Badawy Shalaby Mohamed Saad, director of the Al-Khabir Company for Investment and Real Estate, predicted that confidence will return to the real estate market in the coming period after a period of downturn, expressing hope that the current period of political stability will lead to a full recovery. He said that the Egyptian real …

Daily News Egypt

Construction site in the New Minya district

New Minya offers lands to investors

The New Minya City Administration is preparing to offer several pieces of land designated for residential, commercial and leisure purposes in a sealed-envelope public auction next month.

DNE

Egp 200m sought for malls projects

The Ziad Company for Real Estate is seeking to make EGP 200m in sales from the Haram Plaza and Pyramiza Malls in Giza. The director of the Ziad Company for Real Estate, Ziad Abul Hagag, said that his company is marketing the Ha- ram Plaza mall in Giza, a 5-floor, 800 me- ter complex. He …

DNE

84 feddan for industrial investment in Nahda

By Badawy Shalaby Engineer Mufeed Shawqy Cairo Governorate Director of Investment, confirmed that the preparation of 84 feddan in the Nahda area for investment is underway, as is the process of drawing the plot’s borders with the armed forces’ Military Factory 18 and the Qalyubia Governorate authorities. Shawqi noted that the land is des- ignated for …

DNE

4 1Taamir

Islamic financing to expand

Managing Director of Taamir Mortgage Company to Daily News Egypt: The company will be ready to offer Islamic financing in the second half of the current year

DNE

Myspace rolls out redesign, targets ‘Generation Y’

WASHINGTON: Social network pioneer Myspace unveiled a redesign on Wednesday targeting the "Generation Y" younger audience as it seeks to regain ground lost to Facebook. Myspace, which Rupert Murdoch’s News Corp. bought for 580 million dollars in 2005, said its new website and products are intended to "redefine the company as a social entertainment destination …

AFP

Google giving away Google TV devices to developers

WASHINGTON: Google, in a bid to promote and improve Google TV, which seeks to merge television and the Internet, is giving away 10,000 of the devices to developers. Amanda Surya of Google TV’s developer relations team said Google gave away more than 3,000 Google TV devices at a developer’s conference being held this week by …

AFP

NM spaceport sets stage for commercial space race

UPHAM: British tycoon Richard Branson has dreamed of going to space since he was a teenager. He’ll get his wish when Virgin Galactic begins taking tourists into suborbital space from a specially designed spaceport in the New Mexico desert. Gov. Bill Richardson, a longtime space buff, remembers when astronaut Alan Shepard first reached space and …

Daily News Egypt

Companies fight to keep global warming data secret

WASHINGTON – Some of the country’s largest emitters of heat-trapping gases, including businesses that publicly support efforts to curb global warming, don’t want the public knowing exactly how much they pollute. Oil producers and refiners, along with manufacturers of steel, aluminum and even home appliances, are fighting a proposal by the Environmental Protection Agency that …

Daily News Egypt

Oman’s Raysut Cement to buy UAE firm

DUBAI: Raysut Cement, Oman’s largest cement producer by market value will buy the United Arab Emirates’ Pioneer Cement Industries, the company said in a statement on the Omani bourse on Thursday. Raysut’s chief financial officer said on Sunday the company was holding acquisition talks with several companies and was expecting to reach a deal within …

Daily News Egypt

Change global economic model to save biodiversity

MANILA: The global economy must be radically altered to put a value on forests, reefs and other elements of nature but the financial benefits of doing so will be enormous, a UN-backed report said Wednesday. The Economics of Ecosystems and Biodiversity (TEEB) report warned that allowing nature to remain unaccounted for within the economy would …

Daily News Egypt

Apple looks to iPhone, iPad for Mac inspiration

CUPERTINO: Apple’s iPhone and iPads have been such hits that the company is now looking for ways to bring some of their cachet to its laptops and desktops. Apple Inc. offered glimpses on Wednesday of an updated Mac operating system, called Mac OS X Lion. The company highlighted features that borrow from the lighter-weight iOS …

Daily News Egypt

After 500 years Bolivian silver mountain risks collapse

POTOSI: The mountain holding one of the world’s greatest silver deposits is at risk of collapse after five centuries of exploitation, Bolivian officials say, calling for moves to save the historic site. "It looks like an hour glass that is slowly sinking," said Celestino Condori, president of the civil committee of Potosi, an organization dedicated …

Daily News Egypt

Astronomers say they’ve found oldest galaxy so far

WASHINGTON: Astronomers believe they’ve found the oldest thing they’ve ever seen in the universe: It’s a galaxy far, far away from a time long, long ago. Hidden in a Hubble Space Telescope photo released earlier this year is a small smudge of light that European astronomers now calculate is a galaxy from 13.1 billion years …

Daily News Egypt

US announces massive arms sale to Saudi Arabia

WASHINGTON: In its biggest arms deal ever, the United States announced Wednesday it will sell up to 60 billion dollars worth of warplanes, helicopters and other weapons to Saudi Arabia, partly to help it counter Iran. The plan allows for the sale of 84 F-15 fighter jets, 70 Apache attack helicopters, 72 tactical Black Hawk …

Daily News Egypt