Egypt News - Property, Apartments, Villas, Land, Businesses For Sale in Egypt.
News March 17 2006
Egyptian economic growth rate up 6.1%
Prime Minister Ahmed Nazif said on Tuesday 14/3/2006 that Egypt stands as
a promising investment hub especially in the sectors of infrastructure,
energy and Information Technology.
In his speech at the Euromoney conference under the title "Egypt: A
Commitment to Reform", Nazif said the climate was suitable to attract
more investments in various fields, especially in the sectors of infrastructure,
industry, oil, natural gas and information technology. He added that the
annual economic growth rate in Egypt had risen for the first time to 6.1%
in the last quarter of 2005. Inflation has fallen dramatically from a whopping
18.1% two years ago to just 3.1% this year.
As for real income, Nazif said it increased by 20% as a result of reduced
taxes and higher salaries in the public and private sectors. Direct foreign
investments in 2005-2006 have amounted to $1.8 billion in comparison to
$1.1 billion last year, recording an increase of 83%, the premier noted.
Nazif further said that Egypt plans to introduce amendments to the current
Constitution with the purpose of ensuring the independence of the Judiciary
and replacing Egypt's emergency laws with a new terror-combating law. In
separate statements to reporters, the Egyptian premier further underlined
Egypt's keenness on defusing tension and maintaining peace and stability
in the Middle East region, referring to President Hosni Mubarak's European
tour of Italy, Germany, Austria and the Vatican on this score. In the meantime,
British Prime Minister Tony Blair received a message Tuesday 14/3/2006 from
President Hosni Mubarak on means of boosting bilateral ties in the political
and economic fields.
Travel - Egypts Final Frontier
Egypt’s Red Sea Riviera conjures images of endless turquoise waters
hugging soft, sandy beaches; five-star hotels and spa pampering; ice-cold
drinks as you tan in the year-round sunshine; bustling nightlife in cities
that never sleep. In the furthest corner of Egypt’s coastline, however,
lies a completely different, though equally charming experience: Shalateen.
The brilliant sun, azure sea and mesmerizing scenery are indeed here, but
the rest of the resort package is a little difficult to find.
Shalateen is located about 1,000 kilometers south of Cairo, 550 kilometers
from Hurghada and less than 300 kilometers from Port Sudan. From a small
human settlement, this outpost has evolved outside the usual tourist circuit
into one of the most vibrant trading towns in southern Egypt.
The Camel Market, one of Shalateen’s most memorable attractions, lies
in the vast backyard of this small town and has thousands of camels on display.
Buyers from all across Egypt converge here to choose from the different
breeds brought by herders who come from Sudan on foot. Some buyers want
fine-looking white camels, possibly for tourist-related businesses; others
look for strong, well-built camels that can handle hard labor, while many
are just looking for pounds of meat.
Trading in Shalateen is not just about camels. Giant trucks are seen around
every corner of the market area: old, blue Bedford trucks that come all
the way from Sudan carrying the finest of spices and frankincense. In exchange,
they drive home with loads and loads of sponge and light plastic fabricants
— no wonder locals call them the ‘Sponge Trucks.’ The
newer ZY trucks, or ‘Zetwaay,’ are almost double in size and
are slowly replacing their older counterparts.
The unofficial census of Shalateen reflects about 10,000 inhabitants, a
fraction compared to the metropolis of Cairo. Nevertheless, Shalateen is
very cosmopolitan — on a much smaller scale. The community is composed
of three tribes: Bisharin, which represents the majority of the population,
Ababda, a smaller tribe, and Rashayda, a minority with only a few thousand
people.
The Beja tribe, one of the main ethnic groups around the Red Sea Mountains,
extends from Southern Egypt to Eastern Sudan, Somalia and Eritrea. The Beja
can be divided into four smaller groups: Bisharin, Ababda, Hadendoa and
Beni Amer. Only the first two tribes inhabit Egyptian territories, and both
originally spoke different dialects of a spoken language called To-Bedawie,
more commonly known as Rotana. The Ababda tribe now speaks Arabic, while
Bisharin still cling to their mother tongue — though they also know
Arabic. The Rashayda, on the other hand, form a non-indigenous, Arabic-speaking
tribe that originated in Saudi Arabia, from which they were expelled in
1846.
Shalateen lies within the boundaries of Elba National Park, Egypt’s
largest nature reserve and part of the transitional area between the Afrotropical
and Paleoarctic biogeographic realms. This, in theory, leads to a diversified
array of flora and fauna inhabiting the area. For example, the town has
several different species of Acacia trees in various locations. The endangered
Nubian ibex (Capra nubiana) is much more difficult to spot, with a habitat
restricted to rocky mountains and gorges. This beautiful, graceful creature
has suffered tremendous population decline due to illegal hunting. Now,
the national park rangers, with the cooperation of the local communities
and tribes, are working to increase the Nubian ibex population.
The heritage of Shalateen is not restricted to plants and animals. Several
archeological sites are scattered about the vicinity, including what locals
call ‘The Water-Gate’ in Abu Safa and the prehistoric rock art
site in Deef. Another nearby site worth visiting is the refuse dump where
the carcasses of unfortunate cattle are taken. Don’t be repulsed by
the idea; there is no lost beauty in the dump itself, but rather the path
that leads to it. Everyday at around sunset, Egyptian vultures (Neophron
percnopterus) can be spotted atop lampposts. This yellow-faced vulture is
sometimes referred to as ‘Pharaoh’s Chicken’ because many
depictions of this bird in association with man have been found on walls
of Ancient Egyptian tombs.
Shalateen is considered Egypt’s last tourist frontier, because traveling
further south is not an option for foreigners. In fact, foreigners will
need permission to enter Shalateen in the first place, which can be easily
obtained from Marsa Alam. Several tour and safari operators arrange these
trips and can take care of the required permission. Although in my opinion
Shalateen is a safe place whose people are more laid-back with tourists
than elsewhere, it is required for travelers to be escorted by tourist police.
The community is a traditional one, male-dominated, with women playing a
vital role in the household, goat herding and raising children. Out of respect
for local custom, it is recommended that female visitors wear long sleeves
and loose clothing. Lodging facilities in Shalateen are limited to a small
local hotel, El-Harameen, located at the mouth of the market.
Shalateen is by far a different experience than the rest of the Red Sea
Riviera. Though it might be a less luxurious destination, it is surely an
enticing one that remains unaffected by time and development — a place
that should be visited at least once in a lifetime.
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Hotel For Sale Luxor
Hotel for sale in Egypt - Luxor City Centre
Location: Luxor
Category: * * * *
Ref: GA01
Price: P.O.A.
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Property for sale in Egypt - Apartment
Location: Luxor
Ref: PJ5007
Price: £ 43,000
Details: Beds: 3 | Baths:2 | Built M2 180 | Pool: No |
Egypt Real Estate
Property for sale in Egypt - Apartment
Location: Luxor
Ref: PJ5006
Price: £ 43,000
Details: Beds: 2 | Baths:1 | Built M2 180 | Pool: No |
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Property for sale in Egypt - Apartment
Location: Luxor
Ref: EA226
Price: £ 39,950
Details: Beds: 2 | Baths:1 | Built M2 120 | Pool: No |
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Property for sale in Egypt - Apartment
Location: Luxor
Ref: CC5014
Price: £ 33,000
Details: Beds:- | Baths:1 | Built M2 140 | Pool: No |
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Property for sale in Egypt - Apartment
Location: Luxor
Ref: EA227
Price: £ 33,000
Details: Beds:3 | Baths:1 | Built M2 160 | Pool: No |
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Property for sale in Egypt - Apartment
Location: Luxor
Ref: EA222
Price: £ 30,000
Details: Beds:2 | Baths:1 | Built M2 100 | Pool: No |
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Property for sale in Egypt - Apartment
Location: Sharm El Sheikh
Ref: PJ5001
Price: £ 28,000
Details: Beds:1 | Baths:1 | Built M2 - | Pool: Yes |
Egypt Real Estate
Property for sale in Egypt - Apartment
Location: Sharm El Sheikh
Ref: PJ5000
Price: £ 25,000
Details: Beds:1 | Baths:1 | Built M2 - | Pool: Yes |
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Property for sale in Egypt - Apartment
Location: Luxor
Ref: EA111
Price: £ 24,500
Details: Beds:2 | Baths:1 | Built M2 145 | Pool: No |
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Property for sale in Egypt - Apartment
Location: Sharm El Sheikh
Ref: MDC5000
Price: £ 24,000
Details: Beds:1 | Baths:1 | Built M2 78 | Pool: Yes |
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Property for sale in Egypt - Apartment
Location: Luxor
Ref: EA110
Price: £ 19,995
Details: Beds:3 | Baths:1 | Built M2 150 | Pool: No |
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Real Estate for sale in Egypt - Apartment Building (4 Apartments)
Location: Luxor
Ref: G7919
Price: £350,000 GBP
Details: Beds:- | Baths: - | Built: M2 - | Plot: M2 - | Pool: Yes | | Garage: -
Egypt Real Estate
Real Estate for sale in Egypt - Apartment
Location: Luxor
Ref: G5582
Price: £82,000 GBP
Details: Beds: 3 | Baths: 1 | Built: M2 - | Plot: M2 - | Pool: Yes | | Garage: -
Egypt Real Estate
Real Estate for sale in Egypt - Apartment
Location: Luxor
Ref: G7296
Price: £55,000 GBP
Details: Beds: 2 | Baths: 1 | Built: M2 - | Plot: M2 - | Pool: -| | Garage: -