Hisham Salah

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Colliers International real estate

Flotation of Egyptian pound caused pronounced dip for Hurghada: Colliers International

Colliers International, a commercial real estate organisation stated that—although occupancy levels are expected to stay healthy at Hurghada—the devaluation of the Egyptian pound against the dollar has caused a pronounced dip in market wide average daily rates. Colliers’ three-month Middle East and North Africa Hotel Forecast for March explained that, despite the strong leisure demand …

Hisham Salah

Egyptian second-home market: a growing investment and lifestyle trend

Unlike other popular second-home destinations, such as the Seychelles, Morocco, Malta, France, and Spain, Egypt’s second-home market is not dependent on international investors and appeals primarily to Egyptians, as only 2% are foreign investors, according to global commercial real estate leader Colliers International. Colliers released its latest white paper, focusing on the Egyptian second-home market. …

Hisham Salah

Egypt’s IMF programme to support fiscal, external positions: Moody’s

While Egypt’s IMF programme will support gradual improvements to the country’s fiscal and external position, its social and economic costs risk slowing the pace of fiscal reform, Moody’s Investors Service said in a report on Wednesday. “The implementation of the targets of the IMF programme—including reductions in fiscal deficits and government debt levels, as well …

Hisham Salah