Latest news with #Youssef
Al-Ahram Weekly
2 days ago
- Sport
- Al-Ahram Weekly
Ahly insist Abou Ali ‘not for sale', firm on key players Afsha, El-Shahat, Emam - Egyptian Football
Ahly have ruled out the sale of Palestinian striker Wessam Abou Ali amid recent transfer speculation, reaffirming their commitment to retaining key squad including midfielder Mohamed 'Afsha' Magdi and winger Hussein El-Shahat. Following their elimination from the group stage of the 2025 FIFA Club World Cup, reports in Egyptian media suggested several key players might leave ahead of the new season. 'We have received several offers for Wessam Abou over the past few days. Following the meeting with the club's president Mahmoud El Khatib, the coach Jose Riveiro and myself we have decided not let go Abou Ali. The team needs his contributions in the coming period,' sporting director Mohamed Youssef told the club's website on Monday. Since joining the team in January 2024, the 26-year old striker has established himself as a key player in Ahly's squad. He proved his goalscoring prowess scoring 18 goals in 19 matches to claim the Egyptian Premier League golden boot during his maiden season. His outgoing campaign was mered by injuries but he managed to score 10 goals in 16 games in the league to finish just behind his teammate Emam Ashour who won the award this season. He made a huge impact during the Club World Cup scoring a perfect hat-trick against Porto (4-4) in Ahly's final game. Media reports suggested that Ahly may let him go for a price tag not less than $10 million. However, Ahly's management, following Monday's meeting, dismissed these claims, announcing plans to keep him and extend the stay of several players. 'It's not true that El-Shahat and Afsha will leave the team. They have been vital to our recent success, and we expect even more from them next season,' Youssef said. Youssef also revealed plans to extend contracts for key players, including Emam Ashour, who sustained a serious shoulder injury in the goalless draw against Inter Miami in the first game of the Club World Cup. Squad reshaping ahead of new season Ahead of the Club World Cup, Ahly parted ways with five players last May, including defender Rami Rabia, Tunisian left-back Ali Maaloul, midfielder Amr El Sulaya, Akram Tawfik, and goalkeeper Hamza Alaa. In contrast, the club has reinforced their squad with new signings. Winger Mahmoud 'Trezeguet' Hassan has joined from Trabzonspor after a loan spell at Qatari side Al-Rayyan. Winger Ahmed 'Zizo' Sayed also joined after finishing his deal with Zamalek. The club also secured midfielder Hamdy Fathy on loan from Al-Wakrah. Malian midfielder Aliou Dieng rejoined the team after a season-long loan at Saudi side Al Kholood. Additionally, goalkeeper Mohamed Seha signed a four-year contract from Arab Contractors, Tunisian midfielder Mohamed Ali Ben Romdhane also joined the squad ahead of the Club World Cup. The club is in the market to strengthen its shaky backline ahead of the start of the new season. Find more details on group standings, match schedules, and competition statistics (For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.) Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Fractional ownership gains ground in Egypt amid drive for innovation, market regulation
Rising property prices in Egypt have paved the way for a new investment trend: fractional ownership in real estate. This emerging model is increasingly seen as an attractive avenue for both individual and institutional investors. By allowing multiple parties to co-own shares of a property—often in premium or income-generating developments—fractional ownership reduces entry costs, distributes risk, and opens the market to smaller investors, aligning with evolving dynamics in the real estate sector. At the Fractional Real Estate Roundtable, Mohamed Youssef, Advisor to the Chairperson of the General Authority for Investment and Free Zones (GAFI) for Promotion, revealed that active discussions are underway with the Financial Regulatory Authority (FRA) to establish frameworks that safeguard investor interests in this growing segment. He also announced that GAFI is preparing a package of incentives tailored to boost investment in Egypt's real estate market. Youssef noted that Egypt's property sector has experienced remarkable growth in recent years, especially in New Alamein and the New Administrative Capital. He emphasized the potential of fractional ownership to appeal not only to local investors but also to Egyptians abroad and foreign nationals, particularly given Egypt's relative economic and political stability. Tarek Shoukry, Chairperson of the Real Estate Development Chamber at the Federation of Egyptian Industries, announced reforms in property registration procedures aimed at streamlining ownership verification. He shared that a Property Origin Certificate will now mark the starting point of the registration process, following the issuance of a national ID number for the property. In coordination with the Ministry of Communications, properties meeting criteria for electricity meter installation can obtain this national ID within 24–48 hours. Shoukry added that under-construction buildings that have received ministerial approval and building permits are also eligible for a real estate national ID within 48 hours. These changes are expected to accelerate documentation and transaction processes while improving transparency and governance in the sector. Fathallah Fawzy, Vice Chairperson of the Egyptian Businessmen's Association and Chair of its Construction and Building Committee, described fractional ownership as an innovative and promising investment mechanism. He noted that it supports the development of more inclusive and adaptive financial tools in real estate, extending access to a broader pool of investors and supporting economic diversification. Fawzy also called for the creation of a dedicated regulatory entity to oversee and support the sustainable growth of Egypt's real estate market, including its evolving investment models. Mostafa El Beltagy, Co-founder and CEO of Nawy, expressed support for the concept but flagged potential risks, particularly its vulnerability to money laundering if not properly regulated. He stressed the need for robust FRA oversight, warning that without a clear legal framework, fractional ownership could become a loophole for illicit financial activity. El Beltagy highlighted the model's potential, noting that although Egypt has a population of over 100 million, only about 100,000 real estate transactions occur annually, with just 35% driven by investment purposes. Fractional ownership, he argued, could significantly increase market participation. Salah Katamish, Senior Vice President of Investment & Strategy at Madinat Misr, emphasized the role of technology in revitalizing fractional ownership. He pointed to the company's app, Safe, launched six months ago, as a key enabler. The platform allows users to browse properties, view expected returns, and complete transactions with full transparency. Katamish stated that Safe currently focuses on rented units, offering investors the opportunity to earn immediate income, thereby improving investment appeal and credibility. Ahmed Saqr, Founder and CEO of SDC Egypt and the Farida fractional ownership platform, noted that while Egypt is viewed by foreign investors as high-risk, it also presents high-return potential. Saqr disclosed that trading property shares on the Farida platform—akin to stock exchange trading—is expected to commence in January 2026, contingent on regulatory approval. He affirmed that Egypt's real estate sector holds substantial untapped potential and that fractional ownership could play a key role in unlocking new demand. Mohamed Abdel-Gawad, CEO of Vantage Developments, echoed this sentiment, describing fractional ownership as a transformative tool for real estate investment. He explained that it allows investors to acquire shares in income-generating properties without purchasing full units, democratizing access and widening the investor base. However, Abdel-Gawad underscored the importance of a clear implementation roadmap, diversified portfolios, and robust legal frameworks to govern ownership rights, operations, and exit strategies. He warned that limiting share resale to the original development company could restrict investor exits and impact liquidity. To counter this, he proposed establishing a Special Purpose Vehicle (SPV) or investment fund managed by a professional third-party operator—who would also retain a minor equity stake. This structure, he argued, could streamline investor entry and exit, offer secondary market access, and introduce structured buyback options, thus enhancing investor confidence and long-term viability.
Egypt Today
24-06-2025
- Entertainment
- Egypt Today
Amr Youssef Ventures into Sci-Fi for the First Time with Deer Hunting Season
Amr Youssef Ventures into Sci-Fi for the First Time with Deer Hunting Season. Superstar Amr Youssef is diving into uncharted territory as he takes on the lead role in Deer Hunting Season, a futuristic sci-fi thriller based on the best-selling novel by Ahmed Mourad. This marks Youssef's first foray into science fiction—and his highly anticipated collaboration with the acclaimed writer. The film also marks a bold new chapter for award-winning cinematographer Ahmed El Morsy, who makes his directorial debut with this ambitious project. It's the first time the trio—Youssef, Mourad, and El Morsy—join forces, promising a cinematic experience like no other in Egyptian film. Youssef shared his excitement about tackling the sci-fi genre for the first time and teaming up with longtime friend El Morsy behind the camera. He expressed hope that the Deer Hunting Season would offer something fresh and daring to the local industry. With powerhouse producer Tamer Morsy and Synergy on board, the film is expected to deliver top-tier production and cutting-edge visuals. Meanwhile, fans won't have to wait long to see Youssef back on the big screen—his upcoming film Darwish, where he plays a charming conman-turned-folk-hero, hits theaters this July.
Identity
24-06-2025
- Entertainment
- Identity
Movie Breakups That Hurt More Than Our Own
Let's be honest: Some on-screen breakups didn't feel fictional. They felt personal. It was like someone took your heartbreak, placed it on the screen, and dared you not to live it all again. Maybe it was the silence or the look in their eyes. Or it's because you saw yourself in it more than you were ready to admit. These four on-screen couples made us believe in love then broke us when they split. Youssef & Gamila – Qeset Hob They were the couple who made us believe that love is unconditional. They had the kind of chemistry that felt safe. But life, or more cruelly, death, had other plans. Gamila's illness came as a shock to us. While Youssef never left her side, we knew the story was slipping through their fingers, and until the last minute of the movie, we were hoping for the happily ever after. Karim & Dina – Hepta Karim and Dina were young, reckless, and real. They were the best representation of teenage love with all its intensity and promises. We all had that at some point in our life. Karim loved her deeply, but he didn't know how to handle the weight of that love. And she loved him too, but she needed someone who chose her fully. No half-hearts. No hesitations. The way they drifted apart wasn't explosive but quiet. And maybe that's what made it hurt more. Abdallah & Amira – Wahed Saheh Abdallah was a man torn between different versions of himself, and Amira was the one woman who saw him clearly through all of it. She gave him a glimpse of peace. But he wasn't done messing things up. Not because he didn't care, but because he didn't know how to care right. He cheated, he lied, and in doing so, he lost her. Amira didn't leave because she stopped loving him. She left because she started loving herself more. That's the kind of heartbreak that leaves a scar. Hassan & Farida – Asef Ala El Ezaag This one shattered us in silence. Hassan, brilliant but mentally fragile, created a version of love that wasn't real but the emotions he felt for Farida were. And when the truth hit, it wasn't just his world that collapsed. It was ours too. We all wanted her to be actually in his world. But is love built on delusion? It doesn't last. And the tragedy isn't just in losing her but in realizing that she was never. We don't just cry at movie breakups because they're sad. We cry because they're too familiar. Because we've been the ones who stayed, the ones who left, or the ones who wished they had done either sooner. These films didn't just show us heartbreak. They reminded us that love is real, messy, and never guaranteed. Don't you agree? Share your favorite breakup movie in the comment section.
Boston Globe
21-06-2025
- Climate
- Boston Globe
A heat wave leaves Britons looking for ways to stay cool
'A lot more of my friends now have air conditioning,' Youssef said. 'People wouldn't have thought about air conditioning five years or so ago.' As the United States sweats through its own run of high heat, temperatures in Britain have been above the seasonal average for days. The country was forecast to officially tip into the first heat wave of the year Saturday, with a high of 34 degrees Celsius, or about 93 degrees Fahrenheit, according to the Met Office, Britain's weather service. The average high for June is around 64 Fahrenheit, and many homes are designed to retain heat, given Britain's historically cooler climate. But high temperatures have become more common in the past few years. And climate scientists have warned that heat waves will become more intense as the planet grows warmer. Advertisement In recent days, some U.K. schools have allowed children to wear their own clothes rather than school uniforms, or at least to leave the ties and blazers at home. People who would normally work from home went to the office for the air conditioning. Robert Dyas, a national retailer of housewares and appliances, said that its stores have seen a 4,000% increase in the sale of fans and air conditioning units from 2019 to 2024. Advertisement Richard Salmon, director of the Air Conditioning Co. in London, said that his business has boomed as temperatures have risen, with demand for portable air conditioning units increasing by 625% compared with last year. 'You'd be amazed how many orders we get between 1 a.m. and 3 a.m. from customers who can't sleep because of the heat,' he said. He planned to open the warehouse before 6 a.m. Saturday in anticipation of the weekend's high heat. For Britain's more vulnerable, the heat poses a health risk. The U.K. Health Security Agency issued an amber-level heat health alert across the whole of England through Monday, meaning that significant effects are likely across health and social care services, including a rise in deaths. Care UK, which operates 165 elder care homes across the country, said it would focus on keeping residents hydrated with icy treats and a specially formulated tea. 'It can be tricky for those caring for a loved one to ensure they drink enough, but little things can make a big difference,' said Andrew Mussett, the group's nutritionist. In London, the mayor's office has designated hundreds of 'cool spaces,' public spaces offering shelter from the sun. At one of them, the St. Luke's Community Center in the Islington area of North London, Collin Browne watched the Royal Ascot horse racing event on television while a portable fan blasted cool air onto his face. Across the room, another fan whirred. Advertisement 'I don't cope,' Browne said of the heat. 'When it's muggy, I just get very irritable.' For others, the warmer summers are bringing more mixed feelings. On Clapham Common, a grassy expanse in South London, friends and co-workers Darcey Wilkinson and Finty Willis enjoyed the sun, as they studied for an insurance industry exam on a picnic blanket. 'I can't believe this is the U.K., and I feel like there's definitely a consciousness of 'Is this normal?'' Willis said. In their first year of professional work since graduating from university, Wilkinson and Willis said that they had taken advantage of their office's air conditioning, and had to budget for a much lighter summer wardrobe than they had expected. Across the grass, dozens of children squealed under the neon pink and orange sprinklers spinning in the splash bath. Emily Williams, 34, has enjoyed the common's fountains since she was a child and brought her 19-month-old daughter, who was wearing a soaking wet hat to keep cool. 'I don't remember it being this hot, but I remember having great summers,' Williams said. For many Britons, air conditioning remains out of reach, and the best way to beat the heat is to cool down outside. With an ice cream cone in one hand and a pint in the other, Chris Warren led his friends to a shaded spot in a square outside the Rose and Crown pub in Clapham's Old Town Square. 'I love the heat,' Warren, 31, said. 'I'm Scottish -- it's too hot for me,' said Ryan Wilkin, 31, as he fanned himself. 'I can't deal with this.' This article originally appeared in
