The Arab African International Bank (AAIB) and the National Bank of Egypt (NBE), as lead arrangers, have collaborated with other prominent financial institutions to increase the joint loan provided to Roya Developments. The loan amount has been (...)
The Tourism Development Authority has increased allocations for joint campaigns with professional partners, including tour operators and airlines. Additionally, aviation incentives provided by the Ministry of Aviation aim to maintain movement and (...)
Egypt's stock exchange (EGX) closed mixed on Thursday, with the main index, EGX30 inching up by 0.06 per cent, to 29,309.73 points.
The small to mid-size enterprises' index, EGX70 hiked by 1.42 per cent, to 7,854.63 points.
The index, EGX100 index (...)
Egypt's stock market (EGX) closed in the green area on Thursday. The main index, EGX30 jumped by 0.18 per cent, to 28,926.15 points.
The small to mid-size enterprises' index, EGX70 soared by 1.44 per cent, to 7,243.93 points.
The index, EGX100 index (...)
Talaat Moustafa Group (TMG) announced that its hospitality arm, Icon, has acquired a 51% majority stake and full management rights in Legacy Hotels, through a capital increase. Icon transferred the agreed amount to a reserved account in the Egyptian (...)
The Minister of Petroleum and Mineral Resources, Tarek El-Molla, and the Canadian Ambassador to Cairo, Louis Dumas, witnessed the signing of a gold exploration contract between the Egyptian Mineral Resources Authority (EMRA) and Lotus Gold (...)
Beltone Leasing, a wholly owned subsidiary of Beltone Financial Holding, announced Monday a strategic partnership with Pickalbatros Hotels & Resorts Group, one of the largest hotel chains in Egypt and the MENA region.
The collaboration involves a (...)
Egypt is set to establish six complexes for gold extraction in the Eastern Desert, Ashraq business reported on Sunday.
The Shalateen Mineral Resources firm is going to establish the six complexes to help companies and individuals in increasing the (...)
Radisson Hotel Group announced its third Radisson Collection brand to debut in Egypt, the Radisson Collection Resort, Marsa Alam Port Phoenice, which is scheduled to open in early 2025.
The newly built resort will comprise 294 rooms, including 20 (...)
KarmWater, the water solutions division of KarmSolar, Monday announced the inauguration of the first solar-powered water desalination plant in Marsa Alam with a 50% increased daily capacity of 300 m3/day with a 42% better water salinity compared to (...)
Egypt's orientation of ecotourism has become a key part of the strategic plan for the development of natural reserves, including the Wadi El Gemal reserve, also known as Valley of the Camels.
Wadi El Gemal is located some 45 km south of Marsa Alam (...)
Egypt has been working hard to transform its hospitality industry since 2012 and even created the Green Star initiative for properties that exhibit an exceptional commitment to protecting the environment.
Here are the best five eco-friendly hotels (...)
Pickalbatros Hotel and Resorts has announced that it will participate in the activities of the International Tourism Exchange (ITB Berlin), which is scheduled to be held in the German capital, Berlin during the period from 7 to 9 March 2023, with (...)
UK's Tourism Union International Company (TUI) is expanding its Egypt holiday offering by launching two new weekly charter flights out of Gatwick to Marsa Alam from winter 2023, according to one of the state's national news media said on (...)
Businessman Kamel Abou Ali, Chairperson of Pickalbatros Group of Hotels, held a meeting with the leaders of the senior management of the global reservation site Booking.com to consolidate the strategic partnership at the beginning of the new (...)
Hilton announced on Tuesday the signing of its second property Hilton Marsa Wazar Red Sea Resort & Spa in the Egyptian Red Sea city of Marsa Alam.
In partnership with Boulevard for Tourism Development, the new property will be operated under the (...)
The Ministry of Tourism and Antiquities — represented by the Egyptian Tourism Promotion Board (ETPB) — participated in the TTG Rimini Tourism Fair, which was held in Rimini, Italy, from 12 to 14 October.
This exhibition is considered one of the most (...)
Minister of Communications and Information Technology, Amr Talaat, and Minister of Tourism and Antiquities, Ahmed Issa, held a meeting on Wednesday, in the framework of the cooperation protocol signed between the two ministries in November 2020, (...)
KarmSolar — Egypt's leading private power utility and solar energy company — has initiated a round of capital increase to fund its local and regional expansion plans.
The new investment round is supported by US-based Synergy Consulting as the (...)
The Egypt Mining Forum (EMF), under the auspices of Minister of Petroleum and Mineral Resources Tarek El Molla, witnessed the signing of three memoranda of understanding (MoUs) and cooperation agreements between the Egyptian Mineral Resources (...)
Egypt's Marsa Alam, which located in south of the Red Sea, is going to welcome nearly 15,000 European tourists this week, starting from Saturday to Friday. Marsa Alam International Airport Operates schedules for arrival traffic. The airport will (...)
The Egyptian pavilion participating in the BIT Milan International Tourism Fair witnessed a great turnout from Italian and international tourism companies and tour operators, according to the Ministry of Tourism and Antiquities' press (...)
Egypt is working on setting up its first accredited gold refinery, Petroleum Minister Tarek el-Molla told Sky News Arabia at a mining conference in Saudi Arabia.
The planning refinery will be built in Marsa Alam in the Eastern Desert, the minister (...)
The eighth consultative meeting of the Arab Ministers of Mining and Mineral Resources, held in Riyadh, unanimously agreed to a proposal by Minister of Petroleum and Mineral Resources Tarek El-Molla to prepare a joint Arab initiative for clean (...)
Egypt plans to increase the capacity of its power grid interconnection with Libya to 2,000 MW, according to Minister of Electricity and Renewable Energy Mohamed Shaker.
In an interview with Daily News Egypt, the minister said that the basic capacity (...)