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Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
Jaz spending EGP 4 bn in eight new hotels in Egypt’s resort towns
INVESTMENT WATCH- Travco subsidiary to invest EGP 4 bn in new Egypt hotels: Travco subsidiary Jaz Hotel Group is investing…
Founder of Siwa hotel Adrère Amellal urges gov’t to reconsider travel warnings
Mounir Neamatalla, founder of the Adrère Amellal ecolodge hotel in Siwa Oasis, is hoping governments could reconsider their warnings against…
Egypt inks cooperation with Nikki Beach Hotels for New Alamein project
The Housing Ministry signed an MoU with international hotel chain Nikki Beach Hotels to operate and manage a hotel and…
TUI to launch two new Marsa Alam, Hurghada hotels, Ukrainians love Egypt
INVESTMENT WATCH- UK-based travel tourism company TUI will launch two new concept hotels, one each in Marsa Alam and Hurghada,…
EGOTH to sell 51% stake in Grand Continental Hotel
The state-owned Egyptian General Company for Tourism and Hotels (EGOTH) plans to sell a 51% stake in the Grand Continental…
3 companies qualify in tender to redevelop Downtown Cairo’s Shepheard Hotel
Three unnamed companies qualified in the tender to acquire a 51% stake in a joint venture with state-owned Egyptian General…
OUD eyeing 1H2019 IPO, plans to invest EGP 3 bn next year
** #5 IPO WATCH- Orientals for Urban Development eyeing 2019 IPO: Oriental Weavers sister company Orientals for Urban Development (OUD)…
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