Egypt to achieve positive growth rates in 2020 despite COVID-19: Planning Minister
Coronavirus crisis erupted when Egyptian economy was at its best, says Al-Saeed
Nehal Samir
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Italy, UK, Mexico praise Egypt on repatriation flights
The Egyptian authorities helped in arranging several flights as part of efforts to repatriate foreigners in the country. The flight suspension was enforced at all airports in Egypt, as part of state efforts to control the further spread of the coronavirus.
IIF expects Egyptâs GDP to reach 3.2% in 2020
Institute projects economic contraction in emerging markets this year, with global GDP growth of -2.8%
Foreign tour operators owe $1bn to local tourism companies: ETTA
El-Shaer added that the tourism sector is going through exceptional circumstances that have led to a complete stop in its activities, requiring the collection of all external dues to face this crisis.
âMake the best of crisisâ:Al Ahly raises social responsibility amid quarantine lifeÂ
Sporting clubs are not exempted from these measures, and as part of its social responsibility, Al Ahly, headed by Mahmoud El Khatib, has also taken precautions and preventive measures. These measures have been taken to ensure the safety of Al Ahly family, and include a lockdown of the clubâs three branches.
79% of MENA hotels to partially or fully close after low occupancy rates: Colliers
Of the respondents, Colliers International identified 65% as owning existing hotels.
Cabinet approves 6-month leeway on tourism, private airlines utility payments
Stakeholders argue decision protects against lay-offs, hotel closures, others believe it neglects tourism companies
COVID-19 causes high demand for short-term workspace, forces firms to delay relocation plans: Colliers
Due to the ever-growing risk of contracting the virus, Regus said it had witnessed companies splitting teams amongst multiple centres to avoid daily interaction.
Virtual tours of archaeological sites, museums around Egypt continue
The monastery was founded by Saint Bishoy at the beginning of the fourth century AD. It has survived two fires over the course of its history, the first was during the Roman Period, with the second the result of Berber attacks.
Ministry of Tourism launches 2nd virtual tour in archaeological sites
Queen Meresankh III was granddaughter of King Khufu, builder of Great Pyramid of Giza, and wife of either Khafre or Menkaure.
EM sees record-breaking $83.3bn portfolio outflows in March: IIF
Equity and debt flows were -$52.4 bn and -$31.0 bn, respectively
Arab tourism losses $25bn in 1Q 2020: regional report
Aviation, tourism investments lose $8bn, $12.96bn respectively in Q1 2020
Global household debt exceeds $47trn, $12trn higher than 2008 financial crisis: IIF
Since 2007, households worldwide have added over $12trn to the mountain of global debt. The corporate and general government sectors have, however, accounted for much more of the build-up ($31trn and $34trn respectively), the IIF said in its recent report.
Egypt to launch hotline for reporting unfair employee dismissals in tourism sector
El-Anany said the ministerial committee for tourism affairs, headed by Prime Minister Mostafa Madbouly, will meet on Wednesday to discuss a package of measures in support of tourism investors.
Egyptâs tourism pundits expect sector losses at $1.3-3bn a month due to coronavirus
Arab tourism sector to lose about $30.6bn if pandemic is not controlled by end of April
Chamber of Tourism Establishments requests support from cabinet against COVID-19 impact
The Chamber released an Excel sheet form for each tourism establishment to complete electronically, instead of doing so in person at the Chamberâs headquarters, identifying employee data. The chamber announced Monday as the deadline for receiving the employee data.
Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF
Egypt likely to see significant drops in Suez Canal transit revenue, trade, FDI, tourism flows, and remittances
International tourist arrivals down 20-30% amid COVID-19 outbreak: UNWTO
UNWTO forecasts decline in international tourism between $ 300bn to $ 450bn in 2020, almost one third of $ 1.5tr in 2019
Entreprenelle: unlocking the potential of Egypt’s female entrepreneurs
Entreprenelle mainly aims to support local women economically by educating, training and linking them to all the possible entrepreneurship resources.Â
Egyptâs Finance Ministry allocates EGP 3.8bn to health sector to counter COVID-19
EGP 4bn directed to meet basic food commodities needs, EGP 15bn to buy wheat from local farmers
CBE offers 2-year hotel loans with 6-month graceÂ
Government halts administrative distraint on defaulters in tourism sector for one year
Egypt studies operating tourist sleeper train lines linking Luxor, Hurghada
Decision to encourage tourist companies to launch new programmes that would link cultural, beach tourism, says ex-head of Tourism Promotion Authority
IIF downgrades global growth forecast for 2020 to 0.4%
IIF maintains expectations for recovery in 2H 2020
COVID-19 to slash at least 1.5% off global growth this year: Focus Economics
The coronavirus has spurred fears of a global recession. According to Focus Economicsâ survey, 64% of panellists now expect a global recession in the next 12 months, up from 43% in last weekâs poll, despite the slew of fiscal and monetary stimulus measures announced in recent days.
9 out of 10 Egyptian women receive harassment calls or messages: Truecaller
The app has recently released Truecaller Insights report aiming to understand the frequency and impact of harassment calls and messages on women in Egypt, Brazil, Columbia, India, and Kenya.
Dear women, you have important role in combating COVID-19
Women have an important role in this difficult period. Mothers all over the world, Egypt especially, should protect their children and families from the pandemic. Daily News Egypt presents some tips for women to combat Coronavirus.
Celebrating motherhood: Meet Egyptâs first âIdeal Motherâ in 2020
Winning mothers were selected from 762 mothers who participated in contest
Air France-KLM Group gradually reduces flight activity due to COVID-19, taking measures to secure cash flow
Passenger business revenues drop due to capacity reduction will only be offset by 50% through reducing variable costs
Sharm El-Sheikh hotels will not accept reservations from 19 to 31 March: South Sinai GovernorÂ
Governorate suspends provision of Shisha, tourism facilities violating decision will be closed and pay EGP 10,000 fineÂ
Egyptian airspace will not be closed during flight suspension period: Ministers of Civil Aviation, Tourism
Decision to suspend air traffic does not include domestic and air cargo flights.