Photo: AFP/Ahmed Gomaa
Eurasia
04/12/2023 08:59
Most of the experts participating in a roundtable entitled "The Role of Government Incentives in Attracting Profitable Real Estate Investment Opportunities", in cooperation with the Egyptian Businessmen Association, and organized by Investgate, agreed to find a mechanism for sales outside Egypt in foreign currency, whether for Egyptians abroad or foreigners, and to issue legislation regulating real estate sector dealers as in force in Dubai. While facilitating coordination between private companies and the government in the field of Egyptian nationality for the property buyer.
The participants also recommended the importance of "having a mechanism that allows refugees residing in Egypt to buy real estate in foreign currency, facilitate the procedures regulating the increase in the number of companies listed on the stock exchange, and offer shares to increase capital. With the speed of work on activating the real estate stock exchange and real estate investment funds, banks provide a mechanism that allows financing for the foreign customer. And the search for new markets for real estate investment, such as: the Russian market and African markets."
In the shadow of Burj Khalifa, a Bentley parks with a 2-digit license plate. Its driver sips into a gold-dusted cappuccino while staying in 7-star hotels, dining at Michelin star restaurants and shops at the most iconic designer brands’ stores. This isn’t an unusual overlook of Dubai. But while this obsession with luxury may seem like extravagance for its own sake, is there something deeper at play?
China's Ministry of Commerce said Friday that dialogue and cooperation are the right path forward, in response to the U.S. lifting of a series of economic and trade restrictions on China, according to Xinhua.
Mongolia has reached a critical juncture and is undergoing a process of foreign policy modernization. The burgeoning relations between Ulaanbaatar and Central Asian states signifies a strategic initiative aimed at balancing its partnerships with Russia and China. Since 2020, Mongolia has augmented its diplomatic activities with Central Asian countries, as evidenced by the Mongolian President's visit to Uzbekistan and Kazakhstan in 2024. Notwithstanding the prevailing positive development dynamics, economic relations between Mongolia and Central Asia remain modest but growing, particularly in trade with Kazakhstan, Kyrgyzstan, and Uzbekistan, where exports have increased significantly.