Investors dump regional travel stocks as images of burning hotels hit the front pages
Inflows have been hit by a lack of flights, not a lack of appetite
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Inflows have been hit by a lack of flights, not a lack of appetite
Plus: Petroleum Marine Services plans UAE expansion, Astra Rise taps Rotana to manage EGP 4 bn hotel
Good morning friends, and happy first Friday of Ramadan. It’s been a calmer-than-usual week in the press, and we’ve got…
The move is part of a wider plan that also includes a Nile-side financial and business district targeting global companies
The two hotels will see extensive renovations before reopening in July 2027
The full plan is expected to be finalized before the end of the first half of the year.
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For companies, the bottleneck hasn't just been the amount of subsidized credit, but the friction in getting it
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