Uber is committed to Egypt despite challenges presented by sweeping economic reforms and record inflation, the company said on Tuesday as it announced $20 million of investment in its new support center in Cairo.Read More
the JICA has completed the project’s feasibility study and provided a $1.5m grant to place equipment in the plant’s location with the aim of measuring the solar emissions to be sure about the project’s feasibility during different times of the year and calculate the expected production at the implementation. Part of the financing is allocated for developing the centres of NREA.Read More
"We are supporting this project because it contributes to Egypt's renewable energy capacity, and it will help position the country as a regional energy hub, which will have economic benefits for the entire region," Pandian added.Read More
Have you ever wondered how to open a bank account in Egypt? If you own a property in Egypt then the answer is likely YES! Regardless as to whether you live their yourself permanently, use the property as a holiday home for yourself and your family, or even if you own a property in Egypt to rent, you could (and maybe should) open a bank account in Egypt.Read More
In general, buying a property today with relaxed payment terms is a good idea. No one can be certain how much more the pound will devaluate, but judging by the current state of the economy, and the lack of full capital mobility, we expect short-term fluctuations but medium-term loss in value. So if you buy a property today, with 5-7 years of payment terms, you are fixing the price of a unit in pounds. That unit’s price in pounds will increase significantly over that time period due to inflation.
If your basis is foreign currency, then real estate got much cheaper for you. So now would be the best time to buy with relaxed payment terms. Timing is key, and you should buy your new property before any further price increases. Any further devaluation will benefit you by making your future payments even cheaper in foreign currency terms.Read More
*This is just information we have managed to find out and written to give some insight into this property tax, due to the lack of official information and it is only to be used for information purposes. We are not lawyers or accountants so please seek professional advice from your own lawyer or accountantRead More