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Egypt’s high-end holiday stays continue to catch the attention of the int’l press
In a refreshing break from the war, Le Monde and the Financial Times are both out with pieces highlighting two…
Investors dump regional travel stocks as images of burning hotels hit the front pages
Inflows have been hit by a lack of flights, not a lack of appetite
Qatar’s Al Mana Holding to invest USD 15.6 mn in biodiesel plant
Plus: Petroleum Marine Services plans UAE expansion, Astra Rise taps Rotana to manage EGP 4 bn hotel
Egypt moves iconic state hotels under Sovereign Fund of Egypt
Good morning friends, and happy first Friday of Ramadan. It’s been a calmer-than-usual week in the press, and we’ve got…
Egypt readies Nile-front development plan to address hotel room shortage and divestment progress
The move is part of a wider plan that also includes a Nile-side financial and business district targeting global companies
TMG taps Mandarin Oriental to operate Old Cataract and Winter Palace
The two hotels will see extensive renovations before reopening in July 2027
Egypt to centralize historic hotels under Sovereign Fund of Egypt
The full plan is expected to be finalized before the end of the first half of the year.
Tatweer Masr to put EGP 50 bn into Sokhna’s shift into a year-round business hub
PLUS- Tactful AI secures USD 1 bn in pre-Series A round and eyes Series A within a year
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