Latest in Tag: Sharm El Sheikh Highlight
Latest in Tag: Sharm El Sheikh

UK flightsâ suspension to Egypt premature decision: Foreign minister
British aviation believes a bomb brought down the Russian airbus

Egyptian pound devaluation has positive impact on tourism: Colliers official
Creation of Suez Canal is a catalyst to build a new tourism hub, and Ain Sokhna particularly in the immediate future, says Head of Hotels (MENA) at Colliers International

Ministry of International Cooperation, AfDB sign $650,000 grant agreement
Finance is for first phase of initial feasibility studies needed to establish shipping line connecting Mediterranean Sea and Lake Victoria

Contracts for Saudi investments worth EGP 360bn to be signed soon
Saudi Arabia remains strong supporter of Egyptian economy

Ismail assigns Salman to report on Sharm El-Sheikh projects: Cabinet
Six agreements are being implemented with $30.2bn in the fields of petroleum, electricity, transportation, according to investment minister

FAS awaits allocated land to activate Sharm El-Sheikh MOUs: General manager
FAS to announce investment in Suez Canal Axis soon, says Asfour
EGOTH prioritises investing in companyâs assets in FY 2015/2015: Chairman
Last year was difficult, but we managed to take advantage of the company’s assets and turn to profitability, says Samir Hassan

Egypt implements first office in UAE to revitalise tourism
New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast

EGP 500m to construct solar powered compound
MCR will run global tender to choose company that will be responsible for implementing 1 MW solar power plant

âSecretâ anti-sexual harassment force formed in South Sinai
South Sinai governorate ordered the formation of special anti-harassment force
Norwegian authorities investigate Palestinian human rights group director
GNRD accuses Qatar of being behind claims of money laundering and sponsoring terrorism

Sharm El-Sheikh sees tourist influx, tourism remains unstable
Shopkeepers lower rents 15% to resolve recession crisis, says shop seller

Egypt, Ethiopia negotiate FTA procedures between 2 countries
Specification of 1m metre pieces of land to pump additional expansions for investors, says Gaber
Sharm El-Sheikh Agreement includes 14 items on trade, tariff liberalisation: Zambian Official
Most items agreed up on, countries are focusing on trade, industries, infrastructure services, says official
Johannesburg conference to discuss cancelling tariff between Egypt, African blocs
By Shaimaa Elise and Nehal Mounir The conference in Johannesburg, set to be held in June, will discuss the completion of the negotiations that started in Egypt, Nader El-Rayah Awad, Secretary-General of COMESA in Sudan, said. Awad told Daily News Egypt that a free trade area throughout Africa would not only include the 26 countries …

Sharm El-Sheikh declaration to be signed liberalising goods, services trade
Four new Egyptian Commercial Services offices to be opened in Africa before the end of the year, Says El-Leithi

MATIA holds new negotiations with airlines over operating in area: Chairman
The Marsa Alam area includes investments of over EGP 11bn, area is ready to become a tourism city competing with Sharm El-Sheikh

AfDB loans worth $140m finalised for Sharm El-Sheikh airport extension
A grant amounting to $1.7m also provided for the development of the airport’s second phase

Rixos Seagate Sharm to launch in August with renovations of $55m: General Manager
Three Rixos Hotels will be opened by 2016-2017, says Huth

Cairo Airportâs Terminal 2 soft opening expected in November
Official opening will be in March 2016, airport capacities are being expanded to promote tourism

Blue Sky to build 3 new hotels in Sharm El-Sheikh: Chairman
Firm is currently convincing Thomas Cook and other operators to increase flight capacity to Egypt, says Al-Shaer

Meeting follows up on âOm el-Sidâ plateauâs restoration project
South Sinai Governor provides the EGP 80m needed for restoration

Egypt yet to receive Arab deposits: CBE governor
Hisham Ramezâs comments to Reuters come in wake of reports alleging receipt of Kuwait’s $2bn in deposits

Low Russian tourism flow weakens hotel Easter occupancy: El-Zayat
Occupancies in Alexandria, Sharm El-Sheikh and Hurghada hotels range between 50%-60%, falls below sector expectations

Hotel occupancy rates rose prior to Easter holiday: Tourism workers
Hotel occupancies rose in Alexandria by 60%, Ain Sokhna by 80%, Sharm El-Sheikh by 70% and Hurghada by 75%

Cairo, Sharm El-Sheikh most likely to grow in MENA tourist destinations: Colliers International
Report expects visits to Cairo to increase by 58%, Sharm El-Sheikh by 29%
United Arab force breaks tradition of Arab League’s indecisiveness
After years of division, the formation of an Arab united force appears to be the common ground bringing Arab states together

Egypt business environment remains to be complex with persistent investment hurdles: Â World Bank Economist
Egypt business environment remains to be complex with persistent investment hurdles that are structural and complex in nature and the cost of doing business remains higher than most other peers.

Qatari Emir to attend Arab League Summit: Shoukry
26th summit will focus on Arab national security
âDoing Business with Latin Americaâ conference launched
 Sharm El-Sheikh Economic Summit showed how much Egypt can cooperate with Mexico and Latin American states: Fuentes