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The Tiba developer wins a prestigious award in Cairo last night
February 2012
Tiba Heights won best mixed use residential project in the whole of Egypt last night at the 2012 Cityscape Awards, beating mega developers like Citystars and Orascom....

Turkey and the GCC Look to Strengthen Ties
February 2012
More than 500 businessmen and officials from Turkey and the Gulf Cooperation Council (GCC) met in Istanbul recently, to discuss economic links between the countries...

Egypt Expects Tourism Numbers to Increase This Year
February 2012
In spite of last year's uprising, Egypt's Ministry of tourism expects the tourist numbers to make a substantial recovery this year to around 12 or 13 million, bringing in around $11 billion of revenue...

Istanbul Property Ranked Best Investment in Europe
February 2012
According to 600 of Europe's biggest property investment players, Istanbul is the best place to invest in property in Europe...

Egypt Property Market Looks to Recovery in 2012
January 2012
Egypt is looking forward to a bright new future, and there are high hopes its property market will recover this year...

Turkish Budget Deficit Falls by Over 56pc in 2011
January 2012
Turkey's budget deficit fell by an enviable 56.5% during 2011 compared to 2010. Finance minister Mehmet Simsek stated his belief that Turkey has now recovered from any and all effects of the global cr...

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Duquesa Village - 65 per cent discounts

Costa Del Sol  -  Spain
Duquesa Village UP TO 65% DISCOUNT AND UP TO 100% FINANCE!! We are pleased to offer 2 and 3 bedroom apartments in thi ...

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HSBC Report Positive about Egyptian Economy

Posted On: 16/01/2012

HSBC's Global Asset Management Outlook report for this year is optimistic about Egypt's economy and believes it will show positive growth after last year's uprisings.

It believes Egypt has a favourable demographic profile and will benefit from its strategic geographic location and diversified economy. The country is also set to gain through delivery of several regional and international aid pledges which includes IMF funding. These pledges should help reduce the government's fiscal deficit.

Several austerities measures were introduced last year and it's expected that the budget deficit will be 8.6% of GDP in the financial year ending in June 2012 which is less than previous predictions of 11%. This month Egypt is due to increase electricity and national gas prices to heavy industries by 33% to help reduce the deficit.

It is also due to begin renegotiating a $3 billion IMF facility which would help support the currency. However a weaker currency does aid tourism and industry. With political elections ongoing, Egypt is expected to become one of the emerging markets with higher levels of consumption.

Consumer sentiment is expected to become more positive this year as the political situation continues to improve, and this should encourage private sector investment, with HSBC expecting an improvement in both foreign investment and domestic consumption this year.

The Parliamentary elections are dominated by Egypt's Freedom and Justice Party and there have been fears over its stance on tourism. But during a recent meeting with the Egyptian Union for Tourism the head of FJP, Mohamed Morsey stressed the importance of tourism to Egypt's economy, especially as the country enjoys good weather and has a rich history and culture.

View Egypt property for sale, including Hurghada property

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Napitia Hills


Calabria - Italy
Napitia Hills is perched at the most elevated point of Pizzo providing each property with unobstructed panoramic sea views over the town itself. Within a 15 minute walk you can enjoy the day to day li...

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Tiba Paradise - New Launch!!


Hurghada - Egypt
New Release - Tiba Paradise is the 6th Tiba Project by the highly successful local developers. The project is located in the up-and-coming Al Ahyaa district in a region that is close to Hurghada and a...

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Below Market Value Condos


Florida - America
This ground floor, 2 bedroom / 2 bathroom, 912 sq ft condo has a fully fitted kitchen including washer/ dryer, spacious lounge with dining area leading to a private patio. The master bedroom has an en...

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Elegant Golf Residence - Key Ready


Belek - Turkey
These modern contemporary apartments are situated in a prime area in Belek - Turkey's Golfing Mecca. Not only cosmetically but also with the advanced construction and architectural techniques to be us...

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Laguna Beach Resort 2 - fully furnished


Pattaya - Thailand
Hot on the heels of Laguna Beach Resort Jomtien, Pattaya’s most successful resort condominium now over 75% sold out, we are commencing pre-launch sales for Laguna Beach Resort 2. Laguna Beach Reso...

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Kusadasi Spa Village Resort - furnished


Kusadasi - Turkey
Fully furnished apartment on stunning development On the Aegean Coast of Turkey is an unspoiled area of natural beauty, an area of historical and natural containing thermal springs built far away ...

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Eco House Developments 20% anticipated return


Natal - Brazil
Invest in social housing in Brazil with an anticipated return of 20 per cent in 12 months. What deposit accounts will offer this return over 1 year? Investment Facts • Minimum investment just ...

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Les Blanches discounted by 58%


Alps - France
CASH BUYERS ONLY- UP TO 58% PRICE REDUCTIONS! Les Blanches Provencales is a ski-in-ski-out residence ideally located just metres from the ski lift in the centre of the village of Chabanon with views...

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