Egypt hopes archaeological discoveries in Luxor could reignite tourism, Jacob Wirtschafter and Mina Nader write for The Washington Times. “A series of stunning archaeological discoveries from the days of Egypt’s ancient glory are giving hope to those who depend on foreign visitors to make a living,” Luxor’s chief government archaeologist, Mostafa Waziry, says. Also helping with the sector’s revival is the devaluation, which Mohab Ghali, VP of operations for Hilton in the Middle East, says has led to “an upswing, and we are going to expand the number of hotels in Egypt from 17 to 30 over the next decade.”
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…