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09 Mar 2017

50% increase in foreign inflow to archaeological sites

The foreign inflow of tourists visiting archaeological sites and the provinces of Upper Egypt increased over the recent period, where hotel occupancy rates hit 25% in Luxor and 57% in Aswan.

Alaa El-Shahat, head of the Administrative Centre for Antiquities in Cairo and Giza, said that the"...

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09 Mar 2017

Artelia, ÅF win tender for water storage and pump in Ataqa

An alliance between Artelia and ÅF won the tender to consult on the Ataqa water storage and pumping project.

Sources at the Ministry of Electricity told Daily News Egypt that the alliance will sign the contract for consulting tasks within two weeks.

The"...

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09 Mar 2017

Egyptian economy to improve in 2017’s initial months: FocusEconomics

The Egyptian economy is expected to witness fair, though slow, improvements during the first months of 2017, accompanied by a general state of stability, according to the March 2017 “FocusEconomics Consensus Forecast” report for the Middle East and North Africa region.

The expected"...

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09 Mar 2017

Egypt ranks third in Africa in Facebook’s internet universality report

Communication through internet provides economic opportunities and allows free exchange of data and information. It also provides tools to overcome a number of international challenges, including provision of education and health services, providing clean water sources, and increasing the efficiency in energy usage, as well as increasing the government’s...

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09 Mar 2017

Dubai outperforms in weak Gulf; Egypt climbs

Gulf stock markets were weak on Wednesday as another slide in Doha Bank pulled down Qatar, but Dubai rose on the back of gains in a few stocks.

The Dubai index climbed 0.8 percent, bouncing from a 10-week low, although"...

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09 Mar 2017

Unexplainable German double standards with Turkey and Egypt

The war of words between Turkish and German officials and diplomats started when Germany prevented Turkish Justice Minister Bekir Bozdag from holding a rally in Germany. The minister headed to Germany as part of a mobilisation and awareness campaign that started prior to the pending constitutional"...

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09 Mar 2017

Egypt bread riots: Government says 'fight against corruption' behind cuts

The Egyptian government defended a move to reduce bread subsidies but promised to swiftly resolve a crisis in rising prices on Tuesday in attempt to calm angry Egyptians following an outbreak of protests across the country.

“I"...

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09 Mar 2017

America Has No Deep State, And Egypt Helps Prove It

It’s become the phrase of the week: the Deep State, a cabal of anti-Trump ideologues seeking a coup against a democratically-elected president hiding within the warrens of the CIA, State Department, and any other agency that can be labeled as “shadowy.” The reputed “Deep"...

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09 Mar 2017

Egypt expects number of tourists may increase this year

The number of tourists visiting Egypt this year could come close to levels seen before 2011, encouraged by investments in airport security and a cheaper Egyptian pound, the country’s tourism minister said.

The number of tourists coming to Egypt’s beaches and ancient sites stood at 9.3 million in 2015, compared with more than 14.7 million in...

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09 Mar 2017

Naeem gets regulator’s nod to launch Egypt’s first real estate fund

Cairo-based investment house, Naeem Holding announced Wednesday the establishment of the first Egyptian real estate fund after getting the market regulator’s approval.

The Egyptian Financial Supervisory Authority"...

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