Shaimaa Al-Aees

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Latest by Shaimaa Al-Aees


Egypt’s real estate prices have hiked by 75% since pound flotation

Real estate prices in the Egyptian market have hiked by an average of 75% since the floatation of the Egyptian pound till now, according to Mahmoud Abdel Halim, chairperson of MREC for Integrated Real Estate Services. Abdel Halim noted in a press statement on Thursday that the price spikes in some projects and regions reached …

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New branch of Amiria Press to be established at NAC

The Trade and Industry Minister’s assistant, Ahmed Taha, said that a new branch of the Amiria Press is under construction in the New Administrative Capital (NAC). This comes as part of the ministry’s plan to develop the system of services provided by the Amiria Press and enhance its role in raising the national security level …

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Oriental Weavers to deliver first phase of OIC before year-end

Egypt’s Oriental Weavers Group revealed new details about its planned industrial city, Orientals Industrial City (OIC), in Ain Sokhna, announcing that the project will be built on an area of 10.5m sqm at a cost of EGP 13bn. The new industrial city would be developed and managed by the company’s subsidiary Orientals for Industrial Development …

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HHD offers 44 plots of land at Airport Sheraton by public auction in May

The Heliopolis Company for Housing and Development (HHD), one of subsidiaries of the Holding Company for Construction and Development affiliated to the ministry of public enterprise sector, intends to sell 44 plots of land on the main streets of the Sheraton area, in east Cairo. The HHD’s Managing Director, Sahar Al Damati, said in press …

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Namaa launches Capital One project in NAC

Namaa Development and Real Estate Investment has announced the launch of its latest project in the New Administrative Capital (NAC) called Capital One, to become the largest private sector management complex in the central business district (CDB) in the NAC. During the celebration of the 20th anniversary of its presence in Egyptian market as a …

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Sabbour Consulting, Hometown contract to design Zaha Park New Capital

Sabbour Consulting and Hometown Real Estate Development contracted to design and supervise the implementation of Zaha Park New Capital, a commercial administrative project, in the New Administrative Capital (NAC). Founder of Sabbour Consulting, Hussein Sabbour said, “According to the contract, our office will provide all engineering consultations for the design works, and supervise the implementation …

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Moody’s upgrades Egypt’s ratings to B2

Moody’s, credit rating agency, upgraded Egypt’s rating to B2 from B3 and changed the country’s outlook to stable from positive. Finance Minister Mohamed Moeit said that Moody’s decision to raise the credit rating of Egypt to B2 while maintaining a “stable outlook” is a new certificate from the world’s leading rating agency for the success of …

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Egypt’s foreign exchange inflows hit $150bn since November 2016

Washington, DC- Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn, Governor of the CBE Tarek Amer said on Friday. Amer added in an exclusive statement to Daily News Egypt on the sidelines of the International Monetary Fund’s (IMF) …

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IMF has always helped countries during economic difficulties: Lagarde

Washington DC– IMF has helped the countries through their economic difficulties, said Christine Lagarde Managing Director of the International Monetary Fund (IMF) on Wednesday. Lagarde added that after 75 years of cooperation since the IMF was established systems have changed and adapted from exchange rates of currency to the gold standards system in 70th to reform …

Shaimaa Al-Aees