TOURISM

22 Aug 2017

Egypt hopes to complete designs of New Alamein’s tourist area - Phase I in 2 weeks

Egypt looks to complete designs for the first phase of New El Alamein City ‘s touristic and commercial area within two weeks, people in the construction sector familiar with the matter said.

The touristic"...

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17 Aug 2017

Egypt plans to attract one million Chinese tourists in 2018

Chairman of the Egyptian Investment Group in China, Hany al-Sharqawy, and President of the Federation of Chinese Chambers of Commerce, Benjamin Wan, signed a contract on Wednesday in an effort to attract one million Chinese tourists.

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16 Aug 2017

Egypt’s quarterly tourism revenue triples as FX crisis eases

Egypt’s tourism receipts almost tripled and worker remittances rose in the last three months of its fiscal year, marking another step in the country’s economic recovery from a crippling dollar shortage.

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16 Aug 2017

The Peninsula Classics Best of the Best Award for 2016 Awarded to 1954 Maserati A6GCS/53 Berlinetta by Pinin Farina

At a highly-anticipated private gathering during the famed Monterey Car Week, a 1954 Maserati A6GCS/53 Berlinetta by Pinin Farina, from the Monaco-based Destriero Collection, was named winner of the prestigious second-annual The"...

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10 Aug 2017

Tourism: Egypt, prices beat fear - 532,000 visitors in June

Cheap prices are beating fear, according to data provided by the Egyptian Tourism Authority on Italian tourism in Egypt.

Low-cost carriers and charter flights are popular choices for tourists and the Egyptian Tourism Authority has signed a subsidy program with them, as explained"...

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10 Aug 2017

Recent travel warning to Egypt is ‘in accurate’: US Head of Affairs

The Chargé d’Affaires at the US Embassy in Cairo, Thomas H. Goldberger, announced that the recently issued travel warning from the US State Department regarding travel to Egypt, was ‘inaccurate’ content and was released without any coordination with Egyptian authorities.

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09 Aug 2017

Egypt is the world’s second fastest growing tourist destination for 2017:UNWTO

Egypt is the world’s second fastest growing tourists destinations for 2017, according to new report by the United Nations World Tourism Organization (UNWTO).

UNWTO reported that Palestine is the first fastest"...

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08 Aug 2017

GIG-Egypt wins Kuwaiti AlKharafi’s $32mn Athens Cypria hotel insurance policy

Egypt’s Arab Misr Insurance Group – GIG has won a $32 million hotel insurance policy tender launched by Kuwait's Al Kharafi Group, sources with knowledge said Monday.

The policy is designed to"...

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06 Aug 2017

Egypt to house world’s largest Four Seasons resort worth LE7 bn

Saudi businessman Prince Alwaleed bin Talal and Egyptian businessman Hisham Talaat Mostafa, inspected the site of the Four Seasons Resort expansion project in Sharm al-Sheikh on Friday. The venture will add on 800 rooms at a total cost of $380 million (LE7billion).

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04 Aug 2017

Madison Realty Capital Provides $300.0 Million Construction Loan for Ceruzzi Properties’ Luxury Condo Development at 138 East 50th Street

(ME NewsWire)-- Ceruzzi Properties (Ceruzzi) and Madison Realty Capital (MRC) announced the closing of a $300 million construction loan for completion of a major mixed-use development at 138 East 50th Street in the Midtown East neighborhood of"...

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