Government responds to MPs by providing additional EGP 10m for Youth and Sports Ministry
Spending will be based on needs: Finance Ministry official
Abdel Razek Al-Shuwekhi
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Latest by Abdel Razek Al-Shuwekhi
Health file in Egypt is managed in vague manner
Shereen Farrag, member of the health committee in the Egyptian parliament said that the health file in Egypt is managed in a vague manner, and that the Ministry of Health is responsible for the absence of the Supreme Commission for Pharmaceuticals. During her interview with Daily News Egypt, Farrag said that the comprehensive health insurance …
Government did not inform parliament of upcoming increases in fuel prices: Hegazy
Fuel prices may rise before the end of the current fiscal year as part of the economic reforms undertaken by Egypt to obtain a loan worth $12bn from the IMF, while in the Q2 and Q3 of the current fiscal year, there aren’t any intentions for increasing prices
Government asks parliament to discuss Development FeeÂ
We will start studying the bill tomorrow: Planning Committee head
Evaluation of pilot incentive programme for charter, regular economy flights within 6 months
Flights from Germany increased during the first nine months by 25%, from Italy by 30%, reflecting the need for a strong incentive programme
EGP 80bn total losses of “Maspero” and “Railway” and “GARPAD”
Parliament considers forming a “fact-finding committee” to monitor the violations made by the three entitiesÂ
Chinese investor urges increasing construction part in $17m projectÂ
The Sound, Light, and Cinema Company owns the project’s land of 42,000sqm
We are studying ways to improve national economy: head of Industry CommitteeÂ
The mineral wealth contracting issues to be opened with two companies, which have not utilised two of their mines for 10 years
High growth rate will make citizens reap fruits of economic reforms: Al-Shawarbi
We need a broader understanding of social justice that include education, health, and speedy jurisdiction
Jewish New Year raises hotel occupancy in Taba: Utopia
Hotels dealing with international management companies in the region have stronger relations with major foreign tour operators than the companies locally managed
Egyptian tourism sector prepares to participate in WTM in November
Number of British tourists coming to Egypt during the first half of this year amounted to 147,000, up by 26%
Japanese tourism inflow to Egypt expected to increase: Deputy Tourism Minister
Japanese tourism to Egypt is one of the most important nationalities wishing to visit the archaeological areas in Luxor and Aswan with a high expenditure rate of more than $80 per night
Higher Education Ministry examines 10 requests to establish private, national universitiesÂ
Total missions until the past fiscal year reached 371, including 950 students with a cost of EGP 691m
Parliament continues new round of economic reforms in October: parliament memberÂ
The recently approved Investment Law will increase Egypt’s ability to attract FDIs ranging between $8-10bn by the end of this fiscal year and will exceed $10bn during the next
FEB contributed EGP 35m to the development of Khedival Cairo
Civil society organizations contributed EGP 45m: Cairo Governor
ETA launches convoy to promote Egypt tourism in 4 German cities next week
The number of German tourists during the first half of this year reached 503,000 tourists, up by 66% y-o-y, spending 5.1 million tourist night, up by 124%, toping the tourism exporting markets to Egypt
Helnan increases its presence in Egypt by adding 8 hotels
We have implemented a rapid crisis plan to deal with the decline in tourist inflows to Egypt, which enabled the company to restore high occupancy rates in its hotels, says Enan Galaly
CBE caps pilgrims cash to $10,000
Foreign exchange reserves rose at the end of July to $36bn, thanks to the governmental economic reforms initiated in November
Egypt gets ready to receive Russian tourism in Q4 2017
The Russian tourist inflow to Egypt reached its peak in 2014, recording 3.1 million tourists, while it fell to 2.389 million tourists after the Russian plane crash in 2015
There must be recreational investments, services in North Coast to serve tourism: BalbaaÂ
The region is able to attract more than 5,000 yachts a year roaming the Mediterranean Sea, including the high rates of spending and the employment of Egyptian labour by pumping new investments into the region
North Coast resorts await promotion in European markets
The North Coast resorts’ capacity amounts to 4,000 rooms, of which 50% is located in Marsa Matruh which includes 5-star hotels
Egypt aims to attract 10 million tourists by year end: official
The expected revenues for the current fiscal year are estimated at $7.8bn, compared to $4.8bn last year, a growth of %62.5. The revenues are expected to reach $28.4bn in FY 2019/20
Tourism Ministry aims to boost investments to EGP 12.5bn in 2017/2018
ETA may offer land plots in EGP, others in USD, especially those with great tourist potentialÂ
Parliament’s Economic Affairs Committee to discuss Investment Law’s regulations
We hope that the law will contribute to attract more foreign capital, says Gohary
Parliament’s legislative committee to discuss bankruptcy draft law by August
A mini-committee was formed to study the law: Al-Gamal
Stability Red Sea hotel occupancies during current week: Red Sea Tourism Investors Association official
The hotel capacity in the Red Sea governorate is about 35% of the working capacity operating in Egypt and represents about 45% of revenues for the tourism sector according to Chamber of Tourism Establishments
Expectations of tourist bookings for winter season declined because of current conditions: ShalabyÂ
A one night stay in a single room ranges between $12 and $18, which is a very low price
MP Talat Khalil to request inquiry on expenditure of Specialized National Councils during FY 2015/16
Current circumstances require nationalisation of government’s expenditures to prevent waste of resources, says Khalil
Citizens will pay actual fuel price in FY 2018/19 compared to 85% in FY 2017/18: MP
MP Talaat Khalil demanded the dismissal of government for wasting EGP 500m allocated for fuel smart cards system
Interest rate’s increase temporary, related to IMF loan: Egypt Support Coalition
The government is criticized for its inability to control price hikes