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Alkan Holding to invest EGP 11 bn in Citadel Plaza hospitality expansion
Plus: QNB backs GlobalCorp with a EGP 3 bn for leasing
The Tourism Development Authority reprices stalled Red Sea hotel plots
Lagging developers are blaming currency and cost headwinds for derailing their projects timelines
IFC nears USD 100 mn loan for hotel with a GEM view
The loan is part of a wider USD 265 mn package
Egypt faces triple deficit trap as regional risks mount
With remittances accounting for 5.6% of GDP, decreased economic activity in the GCC cut pressure on this source of hard…
Dragon Oil places USD 3 bn on Gulf of Suez revival
Plus: PRE Group plans 10k-key hospitality expansion through global partnerships
Citystars, Park St., Sky Innovo partner on USD 1.9 bn project
Plus: EBRD considers financing Amea Power energy storage rollout
Tourism operators call for low-interest loans as regional war drives 20% drop in bookings
Margins are being squeezed for tourism companies, who face not just the prospect of lower numbers of tourists, but also…
Egypt’s high-end holiday stays continue to catch the attention of the int’l press
In a refreshing break from the war, Le Monde and the Financial Times are both out with pieces highlighting two…
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