Tourism Minister Revokes Hotel License Over Coronavirus Layoffs

Tourism and Antiquities Minister Khaled El Anany issued a decision on April 26 to revoke the license of a leading hotel in Sharm El-Sheikh after it laid off all workers due to the coronavirus pandemic

Red Sea Resumes Tourist Cruises After 2-Week Suspension

Red Sea Governor Amr Hanafy issued a decision on April 25 that allows all tourist cruises and boats to resume operations across the governorate as long as all preventive and precautionary measures are taken to cur ...

ODE Releases its Consolidated Financial Results for FY 2019

Orascom Development Egypt (ODE) closed 2019 on a solid operational and financial stance, achieving FY 2019's targets, and recording EGP 6.9 bn of net real estate sales, the highest value in ODE’s history, Invest- ...

Egypt to See Further Branded Residential Schemes: Colliers

Colliers International revealed that Egypt currently has a small number of branded residential schemes, yet further developments are in the pipeline

Egypt in Talks for New IMF Deal

Egypt is holding talks with the International Monetary Fund (IMF) over a non-financial structural reform program, which will be focusing on abolishing bureaucracy to lure more private investments

Over 10,000 Homes Underway to Rehouse Cairo’s Slum Dwellers

Merely 10,666 residential units are ready to rehouse informal housing dwellers in Cairo, coming as part of the state's keenness to become a slum-free country.

Hurghada, Cairo Among Most Visited Cities in 2018

London-based Euromonitor International said Egypt made a comeback on account of its tourism reform program, placing Cairo and Hurghada among the world's 100 most visited tourist cities in 2018.

Heliopolis Metro Station Opens to Public

Transport Minister Kamel El Wazir inaugurated on October 20 Cairo's Heliopolis metro station, the largest of its kind in the Middle East, as part of the country's plans to renovate and expand the capital's fastest ...

NAC to Change Face of Cairo’s Urban Development: El Gazzar

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar stated the construction progress at the 360-acre government district of the New Administrative Capital (NAC) has reached 20%

El Gazzar Brings Investment Opportunities to Egypt

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with UAE's Minister of Infrastructure Development and Businessman Khalaf Al Habtoor to review investment opportunities in Egypt.

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