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Tourism Ministry developing long-term national strategy for Egyptian tourism, to launch Q1 of 2023

Tourism Ministry developing long-term national strategy for Egyptian tourism, to launch Q1 of 2023

He stressed that the tourism industry is one of the main pillars of the national economy and has a direct impact on enhancing the growth rates of the GDP, and that it also contributes to providing job opportunities directly and indirectly, emphasising that the state aims to increase the number of incoming tourism to Egyptian destinations by 25 to 30% annually, thus increasing the revenue generated from it.

Nehal Samir

Opinion| The New Egyptian Public Prosecution

Opinion| The New Egyptian Public Prosecution

The General Prosecutor has adopted a challenging plan that aims to reform the Public Prosecution and its role in achieving justice in the country. Historically, the Egyptian Public Prosecution played a great role in the process of achieving justice. Prosecutors and judges faced several attempts by the Muslim Brotherhood to interfere in the Judicial Authority in 2012. Moreover, the judiciary’s staff were united with the Egyptian people in the 30 June Revolution to participate in correcting the country’s path.

Hassan Khalil

Elsewedy Electric to obtain EGP 2bn in syndicated loan from 7 banks

Elsewedy Electric to obtain EGP 2bn in syndicated loan from 7 banks

The seven banks’ contributions in the loan came as follows: EGP 100m from Abu Dhabi Islamic Bank, EGP 500m from Al Baraka Bank, EGP 400m from the National Bank of Kuwait, EGP 300m from MIDBank, EGP 300m from the Industrial Development Bank, EGP 250m from the Agricultural Bank of Egypt, and EGP 150m from the Egyptian Arab Land Bank.

Fatma Salah

B2B e-commerce Mazaya closes $5m pre-seed round led by Raya Trade

B2B e-commerce Mazaya closes $5m pre-seed round led by Raya Trade

Founded in December 2021, Mazaya provides retailers and merchants of electronic goods and home appliances the ability to efficiently procure inventory for their stores via the Mazaya App from all major brands at competitive prices, as well as access to value-added services. Since its launch in Egypt, Mazaya has worked with over 6,000 retailers, fulfilled 30,000 orders, achieving a gross merchandise value of $15m, and currently has over 1,000 SKUs on the platform.

Daily News Egypt

Egyptian President Abdel-Fattah al-Sisi and Bulgaria President Rumen Radev on Sunday discussed ways to strengthen bilateral cooperation in the energy sector,

Egypt, Bulgaria vow to strengthen bilateral cooperation

Egyptian President Abdel-Fattah Al-Sisi and Bulgarian President Rumen Radev on Sunday discussed ways to strengthen bilateral cooperation in the energy sector, the Egyptian presidency said in a statement. In a phone conversation, the two leaders also discussed ways to enhance bilateral relations, particularly in the economic, investment, and trade sectors, it reads. Sisi confirmed Egypt’s …

Daily News Egypt

Egypt to establish first green yacht marina

Egypt to establish first green yacht marina

Rabie indicated that the plan will include the establishment of a hotel and a commercial area, as well as a tourist walkway with a length of 850 metres. Another marina with a capacity of 75 yachts will also be launched in Port Said.

Daily News Egypt