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Tuk-tuk replacement still undecided + ABB to open train component plant in Egypt
The Madbouly government is in talks with an international automaker to produce vehicles to replace tuk-tuks, Public Enterprises Minister Hisham…
Staycations at fancy apartments and villas are outdoing luxury hotels + Employees who work from home may have to give up their sick days
After years of the pandemic, “revenge tourism” sees demand for vacation rentals surpassing hotels: Across the Middle East, there’s been…
Russia-Ukraine war means fewer flights to Asia, higher ticket prices + Coming soon on Netflix: Ads and cheaper subscriptions
The Russia-Ukraine war means fewer flights to Asia and higher ticket prices: Airlines have been forced to reroute their flights…
Importers are still pushing back on the CBE’s new L/C system
Leading industry figures are still pushing back on the CBE’s requirement that importers open L/Cs: Legislators and industry reps are…
Tourism growth will stall after hit to key Russian + Ukrainian markets -Tourism Ministry
War in Ukraine is set to stall growth of our tourism revenues: “Expectations for Egyptian tourism in 2022 are not…
Egypt in the News: Human rights and Israeli tourists in Sinai
Human rights lead the conversation on Egypt in the international press this morning. The Associated Press notes the visit last…
House Planning Committee to review 2022-2023 draft budget
The House of Representatives voted in plenary session yesterday to send the draft FY 2022-2023 budget to the budget and…
Current account deficit narrows in 2Q 2021-2022
Egypt’s current account deficit narrowed to USD 3.8 bn in 2Q 2021-2022, from USD4.8 bn in the same period last…
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