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Tarek El Moussa spoke to BI about flipping luxury homes. AdvertisementTarek El Moussa is peeling back the curtain on luxury homes. AdvertisementThe details make the differenceAccording to El Moussa, "details and texture" are the key to elevating high-end homes. Tarek and Heather Rae El Moussa on "The Flipping El Moussas." But luxury owners still love the trend, which can lead to a lot of work during the flipping process, El Moussa said.
Persons: Tarek El Moussa, , Christina Hall, Tarek, Heather Rae El Moussa, El, El Moussa, HGTV El Moussa Organizations: Service, HGTV, Business Locations: California
Business Insider spoke to Tarek El Moussa ahead of the release of his book, "Flip Your Life." El Moussa said building starter homes in California typically isn't profitable. "I can't tell you how to build a house in California today and make money unless it's a high-end home," El Moussa said. Tarek and Heather Rae El Moussa on "The Flipping El Moussas." Lisette GatliffFor El Moussa, remaining flexible as the market changes has been key to his success, particularly regarding location.
Persons: Tarek El Moussa, El Moussa, , Heather Rae El Moussa, it's, Tarek, El, Redfin Organizations: Service, HGTV, Business, California El, Forbes Locations: California, Orange County, LA, Los Angeles, LA County, Orange
AdvertisementAt the top of the book, El Moussa recounts his experience living in a partially bulldozed apartment when he was 20. It's a far cry from the multimillion-dollar homes he regularly flips with his wife, Heather Rae El Moussa, these days. "It was the most difficult period of my life," El Moussa told BI of the divorce. El Moussa eventually met former "Selling Sunset" star Heather Rae El Moussa (née Young) in 2019, and she brought him "back to life." AdvertisementHis commitment to putting his kids first is part of what makes El Moussa wake up so early each day.
Persons: Tarek El Moussa's, , Tarek El Moussa, El Moussa, Slack, Lisette Gatliff El Moussa, El, Heather Rae El Moussa, Tristan, Christina Hall, Taylor, aimless, I've, Hall, Christina, Anne Cusack, née, El Moussas, Peter Tran, he's, Moussa, I'm Organizations: Service, HGTV, TMZ, Tarek Locations: It's, Newport , California, Fort Lauderdale , Florida, LA
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTarek El Moussa has become an expert house flipper throughout his career, as anyone who has watched his HGTV shows knows. This story is available exclusively to Business Insider subscribers. Since he married Heather Rae El Moussa in 2021, the couple have started teaming up on flips in California, as they document on their series "The Flipping El Moussas." On Wednesday, they celebrated the sale of their most recent flip, which was taken off the market in less than a week.
Persons: , Tarek El Moussa, Heather Rae El Moussa, El Organizations: Service, HGTV, Business Locations: California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEgypt will need $1.5 billion in investments to develop new gas well discoveries, says ministerEgyptian Petroleum Minister Tarek El Molla discusses exploration and development plans to keep the country's oil and gas production at an "acceptable level," and talks about the investments needed for the discovery of new gas wells.
Persons: Tarek El Molla Organizations: Egyptian Petroleum
HGTV star Tarek El Moussa is facing backlash from a group of tenants in North Hollywood. The tenants say they are being evicted from the building El Moussa intends to flip. El Moussa is best known for being the star of HGTV's "Flip or Flop" alongside his wife, Heather Rae El Moussa, who also stars in Netflix's "Selling Sunset." In a video posted on Instagram on July 14, El Moussa called the property his "biggest ever flip." "We got so lucky to find this land, because finding land like this in North Hollywood is literally impossible," he said.
Persons: Tarek El Moussa, El Moussa, we've, Clare Letmon, Letmon, I've, they've, Cathy Livas, Heather Rae El Moussa, Arthur Aslanian Organizations: HGTV, Service, Hollywood, El Moussa's, Los Angeles Tenants Union, NBC, North Hollywood Arts District, Real Locations: North Hollywood, Wall, Silicon, NBC Los Angeles, Instagram
Tarek El Moussa's company TEM Capital is building a 138-unit apartment in Los Angeles. El Moussa said his team was going to "tear it down" to build the high-rise apartments. "It was really triggering and traumatic and totally ignoring the fact that people still lived here," one resident, Clare Letmon, told CBS Los Angeles. Heather Rae El Moussa is also investing in the project. During a March 2023 conversation with Insider, El Moussa pointed to house-flipping seminars, a solar company, and a home line he's creating with Heather Rae among his current list of business endeavors.
Persons: Tarek El, El Moussa, they're, Tarek El Moussa, Christina Hall, Heather Rae El Moussa, Tarek, KTLA5 they've, Ellis, Heather Rae's, Clare Letmon, Cathy Livas, Raymond Hall, Arthur Aslanian, he's, Heather Rae Organizations: Service, HGTV, HEM, WJK, Pyramid Development, CBS Los, CBS, Los Angeles Times Locations: Los Angeles, Wall, Silicon, North Hollywood, Los Angeles , California, California, HEM, CBS Los Angeles
Egypt discovers large gas field in Mediterranean, minister says
  + stars: | 2022-12-18 | by ( ) www.reuters.com   time to read: +1 min
Companies Chevron Corp FollowEni SpA FollowCAIRO, Dec 15 (Reuters) - Egypt has discovered a large gas field in the Nargis block in the eastern Mediterranean, Petroleum Minister Tarek El Molla said on Thursday. Nargis is one of four offshore exploration blocks in which Chevron (CVX.N) holds operating interests in Egypt along with Tharwa Petroleum Co, according to Chevron's website. The Middle East Economic Survey reported this month that the size of the new well was 3.5 trillion cubic feet of gas. The find could provide a boost to Egypt's efforts to position itself as an energy hub in the eastern Mediterranean following the 2015 announcement of the discovery by Eni (ENI.MI) of the giant Zohr gas field. Reporting by Nashaat Hamdy; writing by Moaz Abd-Alaziz; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy has always been and will always be the engine for any development of any economy, says Egyptian petroleum ministerEgyptian Petroleum Minister Tarek El Molla tells CNBC "we cannot deny that energy has always been and will always be the engine for any development of any economy."
During the pandemic, the non-bank institutions grew to represent 20% of Mexico's private credit market. Also known as "shadow banks," they offer everything from unsecured credit to payroll lending to Mexico's 4-to-5 million small and medium-sized businesses. Now banks are less willing to finance non-bank lenders. "Non-bank lenders will always play a role. Some nonbank lenders hope to stick with the existing business model, which emerged to tackle the country's reported $160 billion funding gap.
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