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Hassan Allam inks GEM management contract
It’s official: A consortium of companies led by Hassan Allam Holding (HAH) will provide and run services at the Grand…
More good FX news: The Russians will be back in June
Direct flights between Russia and Egypt are set to resume in June, Russian ambassador to Egypt Georgiy Borisenko told Red…
Russians returning to Sharm could reel in USD 3 bn -Goldman Sachs
The full resumption of Russian flights to Egypt could eventually generate some USD 3 bn in tourism revenues, according to…
Also on our Radar on 27 April 2021
Elsewedy Electric subsidiary signs EGP 870 mn agreement for Delta regional control center: A consortium of Elsewedy Electric’s unit, Elsewedy…
Egypt targets USD 6-7 bn in 2021 tourism revenues
Egypt expects to see tourism revenues of USD 6-7 bn in 2021, with tourist arrivals recovering to 60% of 2019…
Spasibo, druz’ya
Russian tourists are finally set to return to Egypt’s Red Sea resort towns after a six-year hiatus, after President Abdel…
Growth forecasts are (largely) holding steady
Egypt’s economy is expected to close out the state’s 2020-2021 fiscal year having grown 2.9%, according to a Reuters poll…
Mausoleum of Al Imam Al Shafei opens to public
The mausoleum of Al Imam Al Shafei was inaugurated on Sunday, wrapping up preservation and restoration work that started in…
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