Abraj Misr expects sales of Egyptian vacation properties to grow by 40% this year
Business partnerships to construct vacation properties in Ain Sokhna are being considered, says commercial director
Abdel Razek Al-Shuwekhi
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Latest by Abdel Razek Al-Shuwekhi
Tourism revenue expected to decline by 40% by December 2016: ETF chairman
Tourism revenues will fall to $3.5bn in 2016, compared to $6.1bn in 2015 due to the continued suspension of Russian and British flights to Egypt, says El-Zayat
If Russian, British flight suspensions continue, sector’s losses will be exacerbated: Hisham Ali
Russian and British tourism represent the largest influx to South Sinai resorts; until flights are restored the sector will continue to suffer huge losses, says head of South Sinai tourism association
Kuwaiti tourists spend $170 per night in Egypt on average: adviser to tourism minister
380,000 of 1.1 million tourists to Egypt were Arab in first quarter of 2016
Cairo Airport’s adoption of open-skies policy expected to generate $12bn annually: Yousry Abdel Wahab
We must look at how Dubai managed to increase its revenues by creating a first-class tourist community based on the concept of open skies, says head of private aviation federation
OHD to begin expansion of second El Gouna marina early 2017: GM
We still have a large portfolio of lands in the resort of 37m sqm, 14m meters utilised so far, says general manager of El Gouna
Parliament’s Industry Committee to reduce government oversight to stimulate sector
The parliamentary committee will summon ministers of industry, investment, and environment to discuss the sector’s problems
Parliament expect to approve cabinet programme despite MPs’ concerns
The ability to implement the proposed projects is more important than the implementation timetable, says Al-Araby
Independent MPs delay decision to grant government confidence until Wednesday
Ismail must boost spending on education, health, and scientific research to 10%, according to the constitution, says ElDessouky
40% decline expected in diving tourism following sovereignty transfer of Sanafir, Tiran to Saudi Arabia: diving chamber official
Tourism sector losses will increase as more than 60% of diving centres and marine activities in the Sinai Peninsula closed during 2015
Luxor, Aswan hotels seek increase in occupancy rates as train fares decrease
Watania Sleeping Trains and Catering Services decreased ticket fares for foreign and Arab passengers to reach $10 to $30 per person for foreigners and EGP 100 for Egyptians
Arab inbound tourism to Egypt grew by 6.7% in 2015: Tourism Activation Authority chairperson
Visiting Saudi tourists increased by 23.7% compared to 2014, constituting largest Arab tourist demographic to Egypt
MPs demand parliamentary review of Sanafir and Tiran sovereignty transfer
The prime minister must provide all official documentation for examination, says El-Hariri
Parliament to begin initial discussion sessions for state budget next week
Special committees to be formed upon Al-Sisi’s approval of the bylaw in preparation for discussions
Parliament to conditionally renew confidence in government
Confidence contingent upon recommendations for follow-up projects and performance indicators measure in three to six months
Procedures for IPO of two companies in EGX to begin upon parliament’s approval of government programme: MP
Business sector did not use legal incentives such as securitisation, financial leasing to overcome liquidity crisis, says Desouky
Middle East represents 12.5% of agency bookings: Amadeus
Despite recent incidents, the Middle East is very promising for the tourism and aviation sectors, contributing about 12.5% of the company’s revenues, says Gad
Panama Papers expose the Mubaraks, tycoons and banks
Some tax haven countries come ahead of European and Gulf countries as top investors in Egypt, says former top tax official
Suspension of AITR flights due to Regeni’s death will double sector’s losses: Elhamy El-Zayat
The number of Italian tourists in Egypt fell to 332,000 in 2015 with a decline rate of 16.8%, compared to 2014, according to the Ministry of Tourism
Parliament summons ministers of finance, planning to discuss government projects
Nour Party likely to reject the government’s programme and coordinates with 25/30 Coalition and other independent members to form strong cluster against Egypt’s Support Coalition
Tourism Fund adopts plan to encourage charter flights in Hurghada, Sharm El-Sheikh: Ministry of Tourism
Required occupancy ratios decreased to provide incentives for flights coming to Sharm El-Sheikh and Hurghada airports due to decline in tourist influx
ETF prepares to participate in tourism investment forum in Dubai
Arab inbound tourism to Egypt must not fall to less than 3 million visitors a year, says ETF chairman
Red Sea, South Sinai resorts expect Egyptian holidaymakers to increase occupancy: politicians
Egyptian tourism in severe decline since the Russian plane crash last October
Tourism companies approved for using SUVs on asphalt roads in South Sinai: ETAA report
$300m safari trips income before 2011, 80% decline over past five years due to security turmoil in Egypt
The hijacked EgyptAir flight: a blow to Egyptian tourism?
The hijacking incident could push the ongoing decline in tourism, officials say
Parliament approves taxes on members’ salaries
Some MPs believe that supervision of parliament’s expenses is intervention into the work of legislature
Economic issues foregrounded in cabinet programme proposal: MPs
“The government must work on mitigating the negative effects of the decision to devalue the pound,” says MP
Organisers of foreign trips await new minister’s policies: official
Restoring Russian and British flights to Egypt tops the minister of tourism’s agenda, says official
Occupancy rates of Cairo hotels increase by 60%: ETF Chairman
Despite travel warnings, foreigners have great desire to return to Egypt, says El-Zayat
Cooperation protocol signed with Kuwaiti Tourism Ministry to increase tourism in both countries: Chamber of Tourism
Arabs accounted for 20% of tourism before 25 January 2011, this declined to less than 15%