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CURRENCY Exchange Rates from: 16-03-2010
| 1 EUR = | 1.37 USD | | 1 EUR = | 0.91 GBP | | 1 EUR = | 1.45 CHF | | 1 EUR = | 1.39 CAD | | 1 EUR = | 124.22 JPY | | 1 EUR = | 9.37 CNY | | 1 EUR = | 25.50 CZK | | 1 EUR = | 264.19 HUF | | 1 EUR = | 3.89 PLN | | 1 EUR = | 40.25 RUB | |
| 1 USD = | 0.73 EUR | | 1 USD = | 0.66 GBP | | 1 USD = | 1.06 CHF | | 1 USD = | 1.02 CAD | | 1 USD = | 90.52 JPY | | 1 USD = | 6.83 CNY | | 1 USD = | 18.58 CZK | | 1 USD = | 192.52 HUF | | 1 USD = | 2.83 PLN | | 1 USD = | 29.33 RUB | |
| 1 GBP = | 1.10 EUR | | 1 GBP = | 1.51 USD | | 1 GBP = | 1.60 CHF |
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| 1 CHF = | 0.69 EUR | | 1 CHF = | 0.95 USD | | 1 CHF = | 0.62 GBP | |
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| General information about Egypt for travellers and residents |
| News for Sharm el Sheikh and anywhere in Egypt |
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Egyptian real estate remains immune to world crisis
Global Property Guide, Thursday 09 April 2009
The real estate sector in Egypt continues to perform well as there is a large gap between supply and demand, it is claimed.
The positive outlook is expected to result in a good attendance at the second Next Move 2009 real estate investment exhibition in Cairo later this month, according to the organisers ACG-ITF.
'Egypt's real estate sector continues to perform well in contrast to those of other regional players which are struggling to cope with current market and economic conditions. Internally, residents believe in the stability of property investments and have a good grasp of changing business cycles,' said Ahmad Ghozzi, Chairman and CEO.
'There is still a large gap between supply and demand which developers can capitalize on, especially in family centered projects as there are about 500,000 marriages annually. In addition, the general view towards the crisis is not as gloomy in this part of the world. Property owners and developers thus have a positive outlook on the industry's performance for this year,' he added.
He believes that a different attitude to financing is one reason the Egyptian market has not reached a crisis point. 'In Egypt financing is not debt based since property buyers often purchase from their surplus liquid money. The portion of payment that is financed is up to 3% only,' he explained.
Official figures show that the total annual supply of housing units is 150,000 only, which represents a deficit of up to 350,000 units per year. There is also a cultural attitude that results in Egyptians who prefer to buy into stable and fixed assets such as property during hard times.
Egypt's real estate sector offers several investment advantages, such as the absence of capital gains and inheritance tax, affordable cost of living, a thriving tourist industry, a warm dessert climate which attracts year round rental opportunities, and close proximity to major European destinations, the organiser also said.
The rapid expansion of Egypt's banking sector has further helped support current local property sector conditions. 'Next Move will present some of the opportunities opened up by these trends and discuss the role of real estate development and investment in supporting long term growth plans,' added Ghozzi.
Over 50 major Arab and Egyptian real estate companies as well as banks and real estate financing institutions will be at the four day exhibition at the Cairo International Conference centre that starts on April 28. |
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| New Traffic Law No. 66/73 since 1st August 2008 in Egypt |
Some extracts of the new traffic law:
| Remarks |
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Fine |
Failing to buckle the seat belt
Hand-holding the cell-phone
Driving in the opposite direction
Parking in the wrong place
Removing the car clampers
Driving at night without the head, tail lights & without side mirrors
Driving in unauthorized processions
Failing a triangle warning sign when stopping at night
Failing to have a first-aid kit inside the car
Using projector headlights at night
Failing to wear the protective head-gear when riding a motorcycle |
|
EGP 100 to EGP 300
EGP 100 to EGP 300
EGP 1000 to EGP 3000
suspension of license for min. 30 days
EGP 200 to EGP 1000 + prison for min. 6 months
suspension of license for min. 6 months
suspension of license for min. 30 days
suspension of license for min. 30 days
suspension of license for min. 30 days
suspension of license for min. 30 days
min. EGP 100 |
 More information about the Traffic Law No. 66/73 on the official website of the Egypt State Information Service
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| Visa information for Egypt |
Travelling to Egypt requires an ID card or passport with validity of not less than 6 months upon entry to Egypt.
We recommend a passport (also a temporary passport) - this is easier to handle and the entry to Egypt is not so complicated to handle.
Since february 2002 it's for travelling with touristic purpose also allowed to entry with only an ID card. But you still need a visa.
For children under 16 years you need a children passport with a foto or an notice about the children in the passport of the parents (up 3 years with foto of the children).
If you will entry to Egypt with only your ID card, you have to fill out a special entry card.
This card will be stamped and taken by the costums. Instead of this card you will get a big yellow "Immigration Card" with your foto.
The visa can be applied through Egyptian embassies / consulates. The application process needs around 3 - 5 working days. As tourist with arrival via sea or land route you need the visa in advance. As tourist with arrival via air you can get your visa on arrival at the airport for 15$ (ca. 20,- EUR).
Special conditon for Sharm el Sheikh:
For touristic purposes in Sharm el Sheikh you don't need a visa. This includes a journey to Mt. Moses and St. Catherine Monastery. But for travelling to Dahab, Taba, ouside of peninsula Sinai, Nile Cruises and diving in Ras Mohahmed and wrecks Thistlegorm and Dunraven you need a visa.
How I can apply for a longterm visa in Egypt ?
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| Climate & weather in Egypt |
The best travel time to Upper Egypt (area around Luxor and Aswan) and Nile cruises are the months from October to March. The climate is all time dry and hot, however it can become very cold at the night in the winter. In the summer the temperatures go over 40°C.
Holiday in the beach resorts at the Red Sea is possible the whole year.
For beach holiday at the Mediterranean coast and in Alexandria we recommend the months from May to Septembers. In autumn it's raining here and it can become also very cold in the winter. |
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| City |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Alexandria
|
19 |
21 |
24 |
28 |
33 |
35 |
35 |
35 |
32 |
30 |
26 |
21 |
Asuan
|
23 |
24 |
28 |
35 |
39 |
41 |
41 |
41 |
39 |
36 |
29 |
24 |
Hurghada
water temp. |
21
22 |
21
21 |
23
22 |
26
23 |
30
25 |
31
26 |
33
27 |
33
28 |
31
27 |
28
27 |
26
25 |
22
24 |
Kairo
|
19 |
20 |
22 |
28 |
32 |
34 |
34 |
34 |
33 |
30 |
25 |
20 |
Luxor
|
23 |
24 |
28 |
35 |
39 |
41 |
41 |
41 |
39 |
36 |
29 |
24 |
Sharm el Sheikh
water temp. |
21
22 |
22
23 |
23
24 |
28
25 |
32
26 |
35
27 |
38
28 |
40
29 |
34
28 |
31
27 |
27
26 |
21
24 |
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