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The Egypt-Saudi Investment Fund could finally be becoming a thing
The Egyptian and Saudi governments have drafted a final agreement to launch the long-dormant Saudi-Egypt investment fund, according to a…
Tourism companies, workers get another helping hand
The tourism industry will continue to get a helping hand from the Central Bank of Egypt (CBE) after the bank…
Hotels nationwide to see a rebound in visitors in 2021
Hotels across Egypt are set to see a rebound in visitors in 2021 as the effects of the global pandemic…
The pandemic hasn’t been kind to our current account
The pandemic hasn’t been kind to Egypt’s current account: Egypt’s current account deficit more than tripled to USD 3.83 bn…
Tourism Ministry tempts airlines back to Egypt with new charter flight incentives
Charter flights landing in Egypt are eligible for a fresh batch of incentives under the next phase of the Tourism…
Hotel occupancy rates fall sharply due to pandemic
Hotel occupancy rates in Cairo nosedived 67% y-o-y so far this year amid the pandemic-induced slump in tourism, according to…
Banque Misr sells stake in Rowad Tourism
Banque Misr has sold its entire 9.48% stake in the Rowad Tourism Company for EGP 22.7 mn, according to an…
Who’s in the market for debt? Remco, HD Leasing, El Nasr Auto, Marsa Alam for Tourism Development
Tourism developer Remco and two of its affiliate companies are in talks to obtain a two-tranche EGP 3.3 bn syndicated…
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