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Misr Hotels pushes Safir Dahab resort opening to end of 2020
Misr Hotels is postponing the opening of Safir Dahab Resort to the end of 3Q or 4Q2020, from an original…
What we’re tracking on 30 March 2020
We’re going to start this morning with a global headline that sends a big signal to the global economy —…
What we’re tracking on 29 March 2020
Wait, you mean the sell-off is over? US markets entered and exited bear market territory (defined as 20% off a…
Travco halts construction on 4 hotels until flights resume
Travco has suspended construction on four hotels until the government allows flights to resume, the local press reports citing unnamed…
CBE extends tourism support initiative with two-year soft loans
REGULATION WATCH- CBE extends its support to the tourism sector with two-year soft loans: The Central Bank of Egypt (CBE)…
CIAF Leasing delays EGP 50 mn sukuk issuance on covid-19 headwinds
Aviation leasing company CIAF has decided to postpone its EGP 50 mn sukuk issuance to 4Q2020 due to the current…
EGOTH in talks with banks for EGP 400 mn loan to renovate Sofitel Winter Palace
The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with unnamed local banks for a EGP 400…
CBE cuts interest for three of its financing initiatives, raises ATM withdrawal cap
REGULATION WATCH- CBE cuts interest for three of its financing initiatives: The Central Bank of Egypt (CBE) has reduced the…
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