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Hotel prices in Egypt are soaring
The industry is hiking prices in response to inflation and the influx of foreign tourists
A Chinese firm wants to acquire a state-owned textiles company. PLUS: News from Emaar Misr + Cairo airport
Kingdom Holdings plans to set up its own factory in Egypt if acquisition talks with the government fail
Abu Auf to enter KSA this year? PLUS: News from the CBE, Pickalbatros
Abu Dhabi wealth fund ADQ acquired a majority stake in the Egyptian food company last year
Misr Hotels Company denies plans to offload majority stake
The denial follows reports that local firms are eyeing an acquisition
Hotel occupancy rates up more than 20% y-o-y in 1H 2023
Rates climbed to 80% during the six-month period, up from 65% last year
Ikarus Electric wants to establish 200 EV charging stations in three years. PLUS: New Radisson hotel, Concrete Plus-Saudi collaboration, EgyptAir in Manchester
The company received a one-year license to establish stations last month
Two new Hilton hotels in Cairo
Hilton hotels incoming in Maspero and Magra El Oyoun
Abu Dhabi hotel group could invest USD 175 mn in Egypt portfolio
The company will invest another USD 80 mn to revamp its Red Sea resorts
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