An archaeological mission at Alexandria University's Faculty of Arts, under the supervision of the Supreme Council of Antiquities, has discovered the front part of a shipwreck by Saadana Island in the Red Sea. It was a merchant ship dating back to (...)
The International Monetary Fund (IMF) has revealed that it sees the Egyptian economy rebounding in the next fiscal year (FY) supported by the rollout of vaccines against the novel coronavirus (COVID-19) pandemic.
The rebound will also be driven by (...)
The International Monetary Fund (IMF) said in its April regional economic outlook that it expects the GDP for the Middle East and North Africa (MENA) region to reach 4% in 2021 and 3.7% in 2022.
This reflects an upturn from the -3.4% it projected in (...)
Egypt's hotel market is expected to see occupancy rates of between 35-61% in 2021, according to Colliers International's latest Middle East and North Africa (MENA) Hotels Forecast.
The company forecast that the tourism hotspots of Hurghada and Sharm (...)
An Egyptian archaeological mission, led by famed archaeologist Zahi Hawass, has unearthed the 3000-year-old "Golden City", also called, The Rise of Aten.
The ancient city was built during the reign of Amenhotep III, the ninth king of the 18th (...)
The World Heritage Committee of the United Nations Educational, Scientific and Cultural Organization (UNESCO) has added the Egyptian Museum in Cairo's Tahrir Square to its World Heritage Tentative List.
Egypt's Ministry of Tourism and Antiquities (...)
The global recovery following the novel coronavirus (COVID-19) pandemic will come through the three broad lenses of sustainability, resilience, and inclusivity, recent World Bank and International Monetary Fund (IMF) meetings have concluded.
While (...)
Ukraine's President Volodymyr Zelensky is keen to strengthen the relationship of true partnership and friendship with his Egyptian counterpart Abdel Fattah Al-Sisi. This is why intensifying cooperation with Egypt in all fields of mutual interest is (...)
Egypt's Minister of International Cooperation Rania Al-Mashat has met with Matsunaga Hideki, the Regional Director for the Middle East and Europe at the Japanese International Cooperation Agency (JICA), on his first official visit to Egypt.
The (...)
The International Monetary Fund (IMF) has expected that the Egyptian economy will continue its positive growth this fiscal year (FY) 2020/21, recording 2.5%, though down from its projection in October's world economic outlook (WEO) of 2.8%.
The (...)
A new archaeological discovery in Luxor is set to be announced on Thursday, according to Mostafa El Feki, Director of the Bibliotheca Alexandrina.
The library's Zahi Hawass Center for Egyptology will make the announcement, in cooperation with the (...)
International tourist arrivals are expected to see an 85% downturn in the first quarter (Q1) of 2021 compared to the same period in 2019, the United Nations World Tourism Organization (UNWTO) has revealed.
This would represent a loss of some 260 (...)
Egypt's expected tourism sector losses in 2020 are worth between $12bn-$13bn, according to Ehab Abdel Aal, Treasurer of the Cultural Tourism Association.
Speaking to Daily News Egypt, Abdel Aal said that though there has been no official statement (...)
There will be a 20% discount on all products produced by the Kenouz Egypt for Archaeological Replicas and on sale at the National Museum of Egyptian Civilization in Fustat, to mark the museum's opening.
The discount will be applied to mark the (...)
The eyes of the whole world will turn to Egypt, on Saturday evening, as one of the most important archaeological events of the twenty-first century is set to take place.
The three hour long Royal Mummies Parade is set to start at 6 pm Cairo time, on (...)
How the world moves forward after the novel coronavirus (COVID-19) pandemic is an important question that the International Monetary Fund (IMF) wrestles with, and involves three parts, according to its Managing Director, Kristalina (...)
Egypt's Minister of International Cooperation Rania Al-Mashat has met with Christian Berger, the Ambassador of the European Union (EU) to Cairo, to look into the progress made through joint cooperation.
This joint cooperation comes as part of the (...)
The International Monetary Fund (IMF) will raise its forecast for global economic growth in 2021 and 2022, according to its Managing Director Kristalina Georgieva on Tuesday.
Georgieva said that in January, the IMF projected global growth at 5.5% in (...)
The Central Bank of Egypt (CBE) Governor Tarek Amer has met with Ambassador of South Korea to Egypt Hong Jin-wook to discuss ongoing cooperation between the two countries.
During the meeting, the two sides shared the macroeconomic outlook for both (...)
The grounded container ship in Suez Canal has been re-floated successfully, which means that navigation along the Canal can be resumed, Admiral Osama Rabie, Chairperson of the Suez Canal Authority (SCA), announced on Monday.
The EVER GIVEN vessel (...)
Egypt's Minister of Tourism and Antiquities Khaled El-Anani inaugurated, on Sunday, the first factory producing replicas of archaeological artefacts in the country and the Middle East.
The factory, which is located in Obour City, eastern Cairo, has (...)
Admiral Osama Rabie, Chairperson of the Suez Canal Authority (SCA), announced on Monday that the grounded Ever Given container ship has been re-floated successfully, which means that navigation along the Suez Canal can also be resumed.
#BREAKING (...)
Egypt's Minister of Tourism and Antiquities Khaled El-Anani has inaugurated the first factory of archaeological replicas in the country and the Middle East.
The factory, which is located in Obour City, eastern Cairo, has been established in (...)
Zahi Hawass, the world renowned Egyptologist and Egypt's former Minister of Antiquities, has said that the upcoming Royal Mummies Parade is the country's biggest promotion.
He also said, "If we had paid billions of dollars, we would not have been (...)
A total of 321 vessels are waiting to pass through Egypt's Suez Canal but are being provided with all needed logistics, according to Osama Rabie, Chairperson of the Suez Canal Authority (SCA).
Speaking at a press conference, on Sunday, Rabie (...)
