Real estate growth, the pandemic and GCC economies are among the factors affecting remittances that Egypt receives every year from Egyptians abroad: a key source of much-needed hard currency. Amr Mahmoud, an Egyptian pharmacist who lives in Saudi Arabia, bought an apartment back home five years ago and doesn’t rule out the possibility of purchasing more properties in Egypt. The flat is located in Cairo’s eastern outskirts, where many relatively new areas, mostly allotted to the middle-upper class and well-off citizens, have sprung up over the past couple of decades. Having paid the apartment’s last instalment in 2018, Mahmoud says the reason for buying this house is to enable him to settle down in the Egyptian capital at some point in the future.SOURCE: THE AFRICA REPORT
More Stories
South Africa Still a Long Way Off in Building a National Culture of Human Rights
After Lawsuits and Demonstrations Led by Chagossian Women, Britain Paid Some Compensation through the Mauritian Government to the Exiled Chagos Population
Sister to Egypt’s Most Prominent Political Prisoner Takes the Fight to the UN and EU
MSI Reproductive Choices in Africa Helps Women and Girls Make Informed Decisions about their Bodies and Futures
Kenya’s ‘Linda Mama’ Policy is a Step in the Right Direction Towards Universal Health Coverage
The Women and Caregivers behind Uganda’s Model for Palliative Care
Tunisian President’s Speech was Essentially the “Great Replacement” Theory, but with a Local Twist
The UN’s Largest Annual Gathering on Gender Equality and Women’s Empowerment Tackles the Gender Digital Divide
Challenges And Opportunities – Global Survey Results On Women’s Tech Careers
WHO Director’s Insights on Health in Africa and the IIAG Results
Best Style Moments of Tems
To the World