CBE Raises Tourism Financing Package to EGP 50 bn
The Central Bank of Egypt (CBE) has announced on December 15 an extensive financing plan to boost the tourism sector with EGP 50 bn instead of EGP 5 bn
Egypt, Bulgaria Ink MoU to Boost Tourism Cooperation
Egypt's Tourism Minister Rania Al Mashaat has signed a memorandum of understanding (MoU) with her Bulgarian counterpart Nikolina Angelkova on boosting bilateral relations in a way that contributes to the economic ...
Rixos Hotels Sets Foot Into Hurghada with 3 New Resorts
Rixos Hotels has uncovered plans to diversify its portfolio in Egypt and expand into Hurghada's Makadi Bay, Magawish, and Sahl Hasheesh, with three new properties slated to open its doors toward the year-end
Gov’t Inaugurates New Sphinx Authority’s Headquarters
Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh inaugurated on January 28 the administrative headquarters of New Sphinx Authority, west Cairo.
EU Allocates EUR 3.1 mn to Transform Egyptian Museum of Cairo
The European Union (EU) has launched a three-year project valued at EUR 3.1 mn for the transformation of the Egyptian Museum of Cairo (EMC), west Cairo, as part of EU's efforts and continuous process of building a ...
Sphinx Int’l Airport Witnesses First Run of Domestic Flights
Ministers of Civil Aviation and Tourism witnessed the experimental operation of domestic flights for the first time from Sphinx International Airport, west Cairo, which began on January 25 and set to last until Fe ...
Egypt, KSA Ink Deal for Young Entrepreneurs in Tourism Field
Tourism Minister Rania Al Mashat has inked a deal with President of the Saudi Commission for Tourism and National Heritage (SCTH) Prince Sultan bin Salman bin Abdul Aziz on supporting the Arab young entrepreneurs ...
Tourism to Comprise 15% of Egypt’s GDP in 2018: Minister
Minister of Tourism Rania Al-Mashat foresees that possibly 10 mn tourists will be visiting Egypt in 2018 in a feat that will see the industry contribute almost 15% to the country's GDP this year
Nozha Group Plans to Invest EGP 3 bn in Tourism Sector
Nozha Group CEO Abdallah Al Maghraby said his company is eyeing investments worth about EGP 3 bn in touristic and real estate projects in Cairo as well as Ras Sudr in Southern Sinai
World Bank Expects Egypt’s Economy to Grow 5.6% in FY2018/19
The World Bank (WB) expected Egypt’s growth rate to hit 5.6% during FY 2018/19, backed by private consumption, a recovery in the tourism sector, and the operationalization of recently discovered gas fields
