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Colliers hikes hotel occupancy forecasts for Egypt in 2021
Colliers International has upped its full-year hotel occupancy forecast for Egypt in its August report on MENA hotels (pdf), with…
Al Baraka Bank to set up two leasing and factoring companies
Al Baraka Bank wants in on Egypt’s sukuk and factoring markets, with plans to launch two separate companies to issue…
Russia completes Egypt covid checks
A Russian delegation has finished carrying out health checks in airports and hotels in Sharm El Sheikh and Hurghada ahead…
Also on our Radar on 28 July 2021
Tobacco and molasses manufacturing facilities have until the end of this year to legalize their status under a decision (pdf)…
Economy to grow 4.5-5% in 2Q2021 -RenCap
The Egyptian economy will grow by 4.5-5% in 2Q2021 and will continue to gather momentum through the rest of the…
THIS MORNING: House summer recess begins; 3-year travel ban for Saudi citizens traveling to Egypt; Russian delegation assesses covid-19 situation in Red Sea; US tech firms smash 2Q earnings estimates.
MPs are packing their bags for Sahel: The House broke for summer recess yesterday, ending the first legislative session of…
FDI to grow in Egypt over coming four years - IMF
The IMF sees FDI in Egypt climbing in each of the next four years. Egypt could see foreign direct investment…
THIS MORNING: Russian team to assess covid in Sharm, Hurghada tomorrow; Abu Dhabi slashes business fees; Political crisis in Tunisia after president fires PM amid protests.
It seems that with each passing day, the global news agenda is being taken over by the delta variant and…
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