Egypt ends curbs on foreign property ownership

Aerial view of low-rise luxury housing in the residential suburb of Madinaty, some 40 kilometers east of Cairo. (AFP)
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Updated 18 May 2023
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Egypt ends curbs on foreign property ownership

  • Aside from removing restrictions, the government seeks to speed up land registration for investors
  • PM Mostafa Madbouly said investments would help reduce inflation and ease pressure on commodity prices

CAIRO: Egypt is to remove limits on foreign ownership of property in an effort to attract more hard currency to the country.

Prime Minister Mostafa Madbouly said in a news conference on Wednesday that the government would remove restrictions that allow foreigners to own no more than two properties, both of which currently need to be in different cities.

He also said that the state would work to speed up land registration for investors, following complaints of processing difficulties at the Supreme Council for Investments.

Madbouly also said that the council was seeking to increase private sector investments to be equal to or more than state investments. The target after three years is for the private sector to account for between 60 percent or 65 percent of all investment.

The prime minister said that the total volume of investments allocated for 2023-24, both private and state, was about 1.64 trillion Egyptian pounds, he said. That compares to about 115.7 billion Egyptian pounds ($3.74 billion) in 2005-26.

Madbouly said that investment by locals and foreigners would help reduce inflation and ease pressure on commodity prices.


EU warns Israel suspending Gaza NGOs would block ‘life-saving aid’

Updated 31 December 2025
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EU warns Israel suspending Gaza NGOs would block ‘life-saving aid’

BRUSSELS: The EU warned Wednesday that Israel's threat to suspend several aid groups in Gaza from January would block "life-saving" assistance from reaching the population.
"The EU has been clear: the NGO registration law cannot be implemented in its current form," EU humanitarian chief Hadja Lahbib posted on X, after Israel said several groups would be barred for failing to provide details of their Palestinian employees.
"IHL (international humanitarian law) leaves no room for doubt: aid must reach those in need," Lahbib wrote.
NGOs had until December 31 to register under the new framework, which Israel says aims to prevent "hostile actors or supporters of terrorism" operating in the Palestinian territories, rather than impede aid.
Israeli authorities announced Tuesday that organisations which "refused to submit a list of their Palestinian employees in order to rule out any links to terrorism" had received notice that their licences would be revoked as of January 1, with an obligation to cease all activities by March 1.
Israel has not disclosed the number of groups facing a ban, but it has specifically called out Doctors Without Borders (MSF) for failing to meet the rules. It accused the medical charity of employing two individuals with links to Palestinian armed groups.
The Israeli government told AFP earlier this month that 14 NGO requests had been rejected as of November 25.
Several NGOs said the new rules will have a major impact on aid distribution in Gaza, with humanitarian organisations saying the amount of aid entering Gaza remains inadequate.
While an accord for a ceasefire that started on October 10 stipulated the entry of 600 trucks per day, only 100 to 300 are carrying humanitarian aid, according to NGOs and the United Nations.
COGAT, the Israeli defence ministry body responsible for Palestinian civilian affairs, said last week that on average 4,200 aid trucks enter Gaza weekly, which corresponds to around 600 daily.