
Government responds to MPs by providing additional EGP 10m for Youth and Sports Ministry
Spending will be based on needs: Finance Ministry official
790 Articles
Spending will be based on needs: Finance Ministry official
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 …
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
We will start studying the bill tomorrow: Planning Committee head
Flights from Germany increased during the first nine months by 25%, from Italy by 30%, reflecting the need for a strong incentive programme
Parliament considers forming a “fact-finding committee” to monitor the violations made by the three entitiesÂ
The Sound, Light, and Cinema Company owns the project’s land of 42,000sqm
The mineral wealth contracting issues to be opened with two companies, which have not utilised two of their mines for 10 years
We need a broader understanding of social justice that include education, health, and speedy jurisdiction
Hotels dealing with international management companies in the region have stronger relations with major foreign tour operators than the companies locally managed
Number of British tourists coming to Egypt during the first half of this year amounted to 147,000, up by 26%
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
Total missions until the past fiscal year reached 371, including 950 students with a cost of EGP 691m
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
Civil society organizations contributed EGP 45m: Cairo Governor
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
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
Foreign exchange reserves rose at the end of July to $36bn, thanks to the governmental economic reforms initiated in November
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
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
The North Coast resorts’ capacity amounts to 4,000 rooms, of which 50% is located in Marsa Matruh which includes 5-star hotels
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
ETA may offer land plots in EGP, others in USD, especially those with great tourist potentialÂ
We hope that the law will contribute to attract more foreign capital, says Gohary
A mini-committee was formed to study the law: Al-Gamal
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
A one night stay in a single room ranges between $12 and $18, which is a very low price
Current circumstances require nationalisation of government’s expenditures to prevent waste of resources, says Khalil
MP Talaat Khalil demanded the dismissal of government for wasting EGP 500m allocated for fuel smart cards system
The government is criticized for its inability to control price hikes