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The state’s new hotel company is ready to go to market — but is a 30% stake enough?
A new state-owned company that will own a portfolio of seven five-star properties nationwide could offer as much as 20-30%…
Hospitality logistics startup Suplyd bags USD 1.6 mn pre-seed for expansion
Local hospitality supply-chain startup Suplyd has raised USD 1.6 mn in pre-seed funding, it said in a statement (pdf) Thursday.…
Cutting red tape for tourism + cracking down on piracy
The House Tourism Committee yesterday approved in principle legislation to simplify licensing procedures for businesses in the tourism and hospitality…
Saudi wealth fund acquires minority stake in EIPICO
PIF now owns a slice of EIPICO: Saudi Arabia’s sovereign wealth fund is strengthening its position in Egypt’s pharma sector,…
Hilton gets a new Egypt country manager + CowPay appoints new CEO
Hilton has appointed Ahmed El Hady (LinkedIn) as its new country manager and senior director of operations for Egypt, it…
Pickalbatros is opening three new Red Sea hotels by February
Pickalbatros Hotels will open three new hotels in Hurghada and Marsa Alam by next February, Al Mal quotes Pickalbatros Group…
Restaurants that discriminate against veiled women face closure
Restaurants and venues banning entry of veiled women could have their licenses revoked, the Chamber of Tourism Establishments and Restaurants…
GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022
GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. The…
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