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Resurging tourism markets in Egypt, Tunisia, and Turkey are luring British tourists away from Spanish coastal city Benidorm, leading to a 2.2% y-o-y drop in the number of arrivals during the first half of May alone, according to Spanish hotel management group Hosbec. British tourists are mainly drawn by the lower prices of flights and […]
Author Archives: enterpriseam admin
Posted inTourism
Ukraine's SkyUp Airlines launches inaugural flights to Sharm El Sheikh
Ukrainian charter airline SkyUp launched its operations yesterday with two inaugural flights to Sharm El Sheikh, the Ukraine Business Journal reports. Ukraine International Airlines had resumed direct flights to Cairo last month as Egypt saw a 90% y-o-y jump in Ukrainian tourist arrivals in 2017.
Posted inON YOUR WAY OUT
Facebook touts MENA e-commerce opportunities as usage increases in Ramadan
Facebook sees the Middle East’s increased internet usage during Ramadan as a growth opportunity for brands and marketers, Forbes Middle East reports. The social media network found that users in the MENA region are spending 14.8% more time online during Ramadan (figure climbs to 39.6% at night). Regional brands using Facebook to promote their products, […]
Posted inON YOUR WAY OUT
Sekketak Khadra: new initiative hopes for a green, bike-friendly Cairo
A new initiative is hoping to transform Cairo into a greener, bike-friendly city, Egypt Independent reports. Launched by social entrepreneurship incubator, Nahdet El Mahrousa, Sekketak Khadra (“Your Path is Green”) aims to “encourage people to leave their cars behind and opt for biking instead,” says Communications Manager Rana Al Sadek. The initiative, which comes in […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.96 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.77 | Sell 17.87 EGX30 (Monday): 16,781 (0.00%) Turnover: EGP 771 mn (33% BELOW the 90-day average) EGX 30 year-to-date: +11.7% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
14 June (Thursday): 2018 World Cup kickoff match between Russia and Saudi Arabia, Moscow, Russia. 15 June (Friday): Egypt’s first 2018 World Cup match against Uruguay, Yekaterinburg, Russia. 15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday). 19 June (Tuesday): Egypt plays […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 May 2018
This fifth day of Ramadan is shaping up to be somewhat quiet at home and abroad. Egypt’s Foreign Ministry announced it has set up an information page for Egyptian fans heading to Russia for the 2018 World Cup, which kicks off in less than a month on 14 June with a match between Saudi Arabia […]
Posted inWhat We're Tracking Today
Your Ramadan Reading for 21 May 2018
Today’s recommended Ramadan reading: “Everything I once was had been liquefied.” Food writer Michael Pollan, author of the very solid The Omnivore’s Dilemma, has investigated “the potential of psychedelic drugs — and embarked on some colourful first-hand research.” The new book is How to Change Your Mind: What the new science of psychedelics teaches us […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Russian industrial zone contracts will be signed on Wednesday? Egypt and Russia will sign contracts for a 5.23 mn sqm Russian Industrial Zone on Wednesday, 23 May, during a joint committee meeting, according to a Russian trade ministry statement (Russian) issued on Friday. A delegation from Russia’s Rosatom Overseas is expected in Cairo next month […]