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Report expects visits to Cairo to increase by 58%, Sharm El-Sheikh by 29%
Company is considering economic housing project in 6th of October City, says Chairman El Chiaty
Egyptian General Company for Tourism and Hotels will pump EGP 900m for development of its hotels and resorts to make up for losses
Marina Tourist Center will be built on an area of 2,800 acres and will provide about 14,000 jobs, says minister Madbouly
Executive agencies in South Sinai work on services and decorating streets in Sharm El-Sheikh, in preparation for Summit
The development will occur using investments of up to EGP 320m, which will be gained through self-financing.
Amer Group, Al-Hokair, Wadi Degla, Palm Hills, Al-Futtaim are the biggest companies in the competition
Ministry follows up with projects to be implemented, as per timetable with investors, withdraws land from uncommitted investors
Ministries of Finance and Tourism negotiate estate tax calculation measures for historical hotels in light of estimation difficulties
Utopia Hotel has no occupancies, with EGP 1.5m losses and demand from government and banks is increasing, says Shalaby
No experts in Egypt can evaluate the special enterprises included in new real estate law
Tourism Activation Authority sets value for participation in tourism exhibition in London to motivate tourism influx to Egypt this year
Government is working to repair public sector companies’ financial structures that suffer significant losses and weak production
The Swiss hotel operator is expecting an improvement in the hotel performance during the second half of 2014
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
One week before Ramadan, hotel occupancy on North Coast at 70%, rates fall to 15% during first week before rebounding
Installments will be based on each company’s circumstances
Government hopes to remove diesel subsidies in early November in two stages; hotels and tourist transportation companies to receive diesel at actual price of EGP 5.35
Summer is here; take refuge at the pool
The Central Bank of Egypt has extended the deadline till July 2014
Local company seeks to increase investment in Sharm Al-Sheikh
Bella offers authentic Italian food that are exquisitely made
Graffiti might just become the new night spot to visit in Cairo
Beymen Cafe is a great place to have a light snack and nice conversation
Zitouni offers great view and setting for special occasions
18 hotels were recently closed in Taba, in addition to 30 in Sharm Al-Sheikh.
Hatem Munir, Secretary of the Red Sea Egyptian Hotel Association stated that tourist rates of those coming into Egypt have dropped to 15%.
The rates of internal tourism were “good” before and during the month of Ramadan, and further improved during the days of Eid Al-Fitr vacation
Vacation planners serving Gulf tourists can enjoy incentives including discounts on EgyptAir flights as well as at some facilities, with the aim of luring larger numbers of Arab tourists to the country.
Pane Vino restaurant combines a great location, scrumptious food and efficient service.