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What we’re tracking on 15 December 2019
News this morning is as thin as trading volumes on the EGX, unusual for a Sunday morning. Has the dreaded…
Hospitality + Tourism
Number of Russian tourists visiting Egyptian resorts remains unchanged y-o-y
The number of Russian tourists who visited Egyptian resorts in 2019 remained stable y-o-y at 120k, Association of Russian Tour…
Rare King Ramses II statue unearthed in Mit Rahina
A team of archaeologists unearthed a rare statue of King Ramses II yesterday in Giza’s Mit Rahina, according to an…
Dar Misr Development, Hilton to establish DoubleTree hotel in Ain Sokhna
Dar Misr Development and the Hilton International Hotel Management Group have announced plans to launch a DoubleTree hotel complex in…
Egypt is a top-growing tourism market in the MENA region this year, say operators
Egypt — especially Sharm El Sheikh — is one of the top-growing tourism markets in the MENA region this year,…
Orascom Investment pays EGP 6 mn settlement to SLCC
DISPUTE WATCH- Orascom Investment pays EGP 6 mn settlement to SLCC: Orascom Investment Holding (OIH) has paid a EGP 6…
Sharm El Sheikh- Hurghada ferry route is now open
Transport Minister Kamel El Wazir inaugurated on Thursday the Sharm El Sheikh-Hurghada ferry line on Thursday, which will link tourist…
Egyptian b’naire Samih Sawiris acquires defunct Thomas Cook’s German business
M&A WATCH- Samih Sawiris acquires Thomas Cook’s German business: The Samih Sawiris majority-owned Raiffeisen Touristik Group (RT) has acquired the…
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