TDA considers delaying 20m metre tender to 4Q 2014: Tourism ministry official
Tourism Development Authority considers deferring tender to the last quarter of year instead of August on lack of investor interest
Abdel Razek Al-Shuwekhi
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Latest by Abdel Razek Al-Shuwekhi
Cement companies to increase prices: Chambers of Commerce official
Cement companies lead a coalition to increase the price of one tonne of cement to EGP 750 for merchants in light of power shortage and stagnancy
Russian tourism market requires study to attract new groups: Chair of Egyptian Tourism Federation
Russia forms one of the largest tourism markets for Egypt in recent years and must be studied in order to attract new categories of tourists
Protection for Ras Um Sid in Sharm El-Sheikh requires EGP 850m: South Sinai official
EGP 850m in funding require to avoid plateau collapse and destruction of 4,000 hotel rooms
‘Hard work and dedication’ more important than donating to fund: South Sinai Governor
Major General and South Sinai Governor Khaled Fouda has donated his salary of EGP 5,000 to the Long Live Egypt fund, initiated by President Abdel Fattah Al-Sisi
Egypt ranks 100 for foreign investment impact for communications for FY 2012/2013
Egypt tops other Arab countries, placing 100 in the foreign investment impact index for information transfer for FY 2012/2013, says World Economic Forum
Egyptian workers leaving Libya increases unemployment in Egypt: Chambers of Commerce official
Infighting among Libyan militias leads Egyptians to flee, increasing the 13% unemployment rate for Egypt’s 26 million workforce, says chair of Recruitment Division at Chambers of Commerce Federation
Arab Contractors has suspended investments worth EGP 610m in Libya until situation stabilises
The Arab Contractors company has investments in Libya totalling up to EGP 610m, according to company chairman Mohamed Mohsen Salah, who added that the projects being implemented by the company include building sewage plants, dams and drinking water projects. According Salah, the company’s projects in sanitation, drinking water and drains are worth EGP 300m in …
Tourism ministry aims to increase Gulf visitors by 20% by end of August: Ministry official
Ministry of Tourism collaborates with EgyptAir and Air Cairo to launch flights between Riyadh, Jeddah and Kuwait to Sharm El-Sheikh and Hurghada
Ministry of Civil Aviation raises aircraft self-service fees to airport developments: Ministry of Finance
Self-service fees in Egyptian airports rise to $45, $60 and $78, according to weight of aircrafts
Occupancies decrease in coastal areas following Eid Al-Fitr holiday: Vice President of Chamber of Hotels
Occupancies for hotels in coastal areas increased during the holiday to more than 80%, said Al-Shaer, as many Egyptians left their homes to spend Eid Al-Fitr elsewhere.
NIB funds EGP 270m in public housing projects this year: Board Member
National Investment Bank looks to finance housing projects in framework of state support for social housing projects
High occupancy in Red Sea and South Sinai pre-Eid Al-Fitr: Hotels Chamber
Occupancies in the Red Sea increased to 70% and South Sinai to 50% before Eid Al-Fitr, expected to rise to 90% and 80% respectively
General Authority for Tourism needs restructuring: Egyptian Federation of Chambers of Tourism chairman
Authority needs change to revitalise incoming tourism, according to consumer studies on the perception of Egyptian tourism abroad
Finance Ministry expects EGP11bn from special funds and accounts for FY 2014/2015: Ministry official
Annual profit deduction of 10% compared to last year’s 20%, to strengthen involvement of governorates in development projects
Tourism ministry to launch campaign to encourage Europeans to visit Egypt
Tourism authority official says lifting travel warning important step to restore tourism from Europe
Cotton company asks EGAS to approve debt repayment schedule
Holding Company for Cotton Spinning and Weaving has debts exceeding EGP 1bn, aims to push growth rate to 70% during the current fiscal year
TDA intensifying financial demands from investors over next fiscal year: Authority CEO
Tourism Development Authority also demanding reconsideration of allocation decisions for projects that have only been 10% implemented
5 year timeline for tourism companies to repay debts to social insurance fund: Tourism ministry official
Ministry of Social Solidarity has given tourism operators and hotel establishments a 6 month deadline to pay workers’ insurance debts; total debts to be paid in installments over 5-year period
Almasria Universal Airlines considers operating flights to tourist areas at discounted prices: Chairman
Almasria Universal Airlines considers operating flights to Sharm El-Sheikh and Luxor during peak seasons holidays at reduced prices
EgyptAir to launch flights to Indian capital of New Delhi: Tourism minister
Direct route with 3 flights a week from Cairo to New Delhi to begin service in October
Rise in occupancy to 70% in Red Sea, 55% in South Sinai after German travel warning lift:Tourism minister
Occupancy in tourist accommodations rose after travel warnings lifted in the European market
Fuel price increases push up restaurant meal pricesby 30%: Tourist Restaurant Chamber
As customers bear the brunt, turnout to restaurants, particularly in Cairo negatively impacted
Luxor considers establishing EGP 22m plant to generate solar electricity: Governor
Plant’s capacity would stand at 2 MW
Conversation with Hassan Aziz, President of Egyptian Federation for Private Aviation
Federation hopes for 10% of total passenger traffic to and from Egypt by end of year
Tourism companies launch campaign to promote Hajj: Egyptian Travel Agents Assocation
Association launches advertising campaign on four television channels to promote coming Hajj season
Red Sea tourism rises after Germany lifts travel warning: Hotels chamber
Hotel occupancies rose to 80% in Hurghada and 35% in Sharm El-Sheikh as a result of Germany’s foreign ministry lifting travel warnings, says vice president of Chamber of Hotels
920,000 Egyptian pilgrims will visit Saudi Arabia by end of July: Egyptian Travel Agents Association official
El-Sisi predicted the number of Egyptian pilgrims to reach 920,000 by the end of Ramadan in light of widespread interested in Umrah trips throughout the holy month.
Use of electronic payments to pay taxes increases GNP by 0.75% per annum: eFinance study
Electronic payments for taxes increase GNP by 0.75% per annum due to more liquidity available in the country, the study says
Germany lifts travel warnings to Sharm El-Sheikh: Chairman of International Tourism
German foreign ministry lifted travel warnings to Sharm El-Sheikh and South Sinai, which may push other European countries to do the same