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Cleopatra plans to build two holiday resorts in Matrouh for EGP 10 bn
Cleopatra Hospitality Group plans to build two holiday resorts in Marsa Matrouh at a cost of c. EGP 10 bn…
Alaa El Saba to consolidate, list his businesses within three years
Alaa El Saba (not Alaa Saba the investment banker turned private equity investor) is looking to roll investments including car…
Albatross Holding to build two new Hotels at Red Sea destinations
Albatross Holding plans to break ground on two new hotels in Soma Bay and Hurghada early next year, and open…
Cairo retains its spot as the 50th most visited city in 2018
Cairo retained its spot as the 50th most-visited city worldwide in 2018, according to a report by Euromonitor International .…
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…
Germany’s Bundestag agrees to allot EUR 10 mn co-finance Egypt’s Minya Museum
The German parliament has agreed to allocate EUR 10 mn to help finance the Akhenaten Museum in Minya,Egypt’s Ambassador to…
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…
Steigenberger opens twelfth hotel in Egypt
Steigenberger Hotels and Resorts has opened the Steigenberger Pure Lifestyle resort in Hurghada, its twelfth hotel in the country, according…
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