FINANCE & ECONOMY

16 Apr 2016

14% of Nile cruises operate with ‘trickle’ of tourists onboard: official

A Tourism Ministry official has warned against a potential “unemployment crisis” among crews of Egypt’s Nile cruises operating between the country’s two top touristic destinations of Luxor and Aswan, calling on concerned bodies to intervene to save the employees amid"...

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16 Apr 2016

UN's De Mistura Meets Syrian Opposition's Moscow-Cairo Group


UN Special Envoy for Syria Staffan de Mistura is meeting the Syrian opposition's delegation created following meetings in Moscow and Cairo on the sidelines of the intra-Syrian talks in Geneva.GENEVA (Sputnik) The delegations of the Syrian"...

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16 Apr 2016

Perception and reality on tourism

Elhami Al-Zayyat is one of the biggest names in the Egyptian tourism industry. He knows the corridors of the business inside out, and from both the private sector and the government points of view. He is not hesitant about saying, in no uncertain terms, that the recovery of the industry from its current setback is not just around the corner.


“It"...

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15 Apr 2016

MHI Extends Its Australia/Oceania Reach by Establishing MHI Australia Pty. Ltd. in Sydney

Mitsubishi Heavy Industries, Ltd. (MHI) (TOKYO:7011) launched operations at MHI Australia, Pty. Ltd. in Sydney. Creation of the new entity has two overriding ambitions: 1) to strengthen ties with Australia’s governmental institutions and economic and industrial sectors, and 2) to serve"...

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14 Apr 2016

Egypt secures $4 billion to develop 14,400 MW of power

Egypt’s state-owned utility Egyptian Electricity Holding Co. (EEHC) has secured €3.5 billion ($4 billion) in financing to construct the world’s largest combined cycle power plants, Kallanish Energy learns.


"...

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14 Apr 2016

Sudan calls for negotiations with Egypt over border towns Halayb, Shalateen

The Sudanese ambassador to Egypt called on Wednesday for holding negotiations between Egypt and Sudan over the border towns of Halayeb and Shalateen, or resorting to international arbitration.


Ambassador"...

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14 Apr 2016

IMF expects a decrease in Egypt's inflation rate in 2016 and 2017

International Monetary Fund (IMF) projected that inflation in Egypt will decrease to 9.6 per cent this year compared to 11 per cent in 2015 despite pressures on prices, the devaluation of the Egyptian pound and the prospective application of the Value Added Tax (VAT).


"...

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14 Apr 2016

Kellogg’s uses VR to transport users to Ancient Egypt in new breakfast launch

Kellogg’s has created a virtual reality experience to launch product range ‘Ancient Legends’, allowing users to have breakfast with Queen Cleopatra.


The brand used Oculus Rift technology to create a multisensory virtual reality experience in 360 video that tracks and replicates a user’s"......

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14 Apr 2016

AmCham-Egypt to knock U.S. doors on April 17

The American Chamber of Commerce in Egypt (AmCham) will send its Annual Doorknock Mission to the United States from April 17-22,2016, Omar Mehanna -member of AmCham- said Wednesday.


During"...

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14 Apr 2016

Crystal Lagoons to feature in Egypt's Sokhna mountains project

Crystal Lagoons, the patented technology developer of giant crystalline lagoons, has joined forces with Egyptian real estate development company, TatweerMisr, to develop the first man-made lagoons in the Sokhna mountains.

The development will bring six stunning lagoons spanning a total area of four hectares plus 3 km of sandy beaches to the landscape,...

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