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Cairo, Sharm El-Sheikh hotels to record occupancy rate increases of 46% and 41%, respectively, says Colliers International
Colliers’ MENA Hotels Quarterly Review report, released in 7 May, indicated that 79% of hotel owners have decided to partially or fully close their hotels due to low occupancy rates.
This came as governments continue to introduce measures to slow the spread of the virus, with hotel owners also taking precautions as travel comes to a halt.
Colliers sees retail as one of fastest sectors to recover as markets get back to normality
Of the respondents, Colliers International identified 65% as owning existing hotels.
As the impact of COVID-19 has spread around the world, Facebook’s third-party fact-checking partners have accelerated their efforts in debunking hoaxes across dozens of countries and languages
The survey issued info-graphs about how Arabs feel about wide range of issues, from women’s rights and migration to security and sexuality.
Want to go diving? Perhaps Snorkeling? Famous shipwreck? Come to Dahab
Ministry of Electricity, Renewable Energy inaugurates conference
Government reform plans restored investors confidence, says IIF
Egyptian government may need to engage more with ease of doing business reforms and provide reassurance regarding political risk, says the report
Despite the end of the partnership, both sides consider it a success story
Samsung presented breakthroughs in picture quality, design, smart features and premium audio
The value of MENA inbound and outbound M&A activities doubled in comparison to 2015
The economic activity in the Middle East and North Africa (MENA) region has shown surprising resilience in 2016 despite mounting political and economic headwinds, according to a report recently released by the economic analysis and forecasts provider FocusEconomics. The report reviews the performance of the region throughout 2016. While the region managed to accelerate despite …
More than 90 readers have dropped their subscriptions with MENA as the content has fallen to abysmally poor levels, says the journalist
Fastest growth expected for Egypt, Israel with projected GDP expansion of 3.1%, 2.6% respectively
Uber Egypt reaches a record 30,000 drivers, commits to EGP 500m investment given rapid success
$35bn accumulated in direct and indirect losses from war in Syria and advance of IS in MENA region
Daily News Egypt interviewed the head of the academy, Maarten Arts, from the Netherlands
Bribery is particularly common in Egypt, Yemen, Morocco and Sudan with 40%-60% of bribes being paid to court officials in Egypt, says report
The firm however projects that GDP growth will decline in 2017, also expecting Egypt and Israel to record the fastest growth in the MENA region
Top global institutional investors and leading MENA companies see best three-year returns in UAE and Egypt; tip healthcare and consumer staple plays for 2016; and think corporate earnings will fall 10-20% this year amid oil price slump
Cairo based Meivo International sells 51% of its stake to Saudi SPIMACO
IFC’s contribution to energy sector aided in raising the region’s capacity with an excess of 10,000 GW
Abraaj Group is a lead investor in the new deal for the application-based car service provider
News reports published El-Taweel’s alleged testimonies which included her involvement in an assassination attempt
Detailed defence budgets on global scale not made public, only aggregated numbers are published, says military source
Egyptian authorities maintain that they are providing adequate support, despite criticisms
There is much space for future PPPs in infrastructure, port expansions, and industrial and logistics zones, says Shousha