: :inin Kyiv (EET)

Section: Egypt

Metallurgical Industries Company receives 9 international bids for developing Iron and Steel Company
Sep15

Metallurgical Industries Company receives 9 international bids for developing Iron and Steel Company

Holding Company for Metallurgical Industries, one of Ministry of Public Sector Affairs’ companies, received nine international bids for developing and restructuring Steel Iron and Steel Company. These offers were submitted through the international tender, which was offered by the Holding Company for Metallurgical Industries on 21 April for...

Ministry of Tourism allocates $10m to promote Sharm El-Sheikh resorts
Aug10

Ministry of Tourism allocates $10m to promote Sharm El-Sheikh resorts

A number of tourism officials and investors said that the new promotional campaign for Sharm El-Sheikh will revive the city again, after a two-year boycott imposed by some countries. Hisham El Demery, chief of the Tourism Development Authority, said that the campaign will be conducted according to the investors’ vision, along with the...

Tourism Ministry reviews documents of 3 companies to disburse charter flights incentives
Jul20

Tourism Ministry reviews documents of 3 companies to disburse charter flights incentives

The charter flights incentives programme of the Ministry of Tourism is currently reviewing the paperwork of three Ukrainian and German airlines, to pay their dues for December 2016. A source at the ministry said that the review is in progress, as part of the framework aimed at encouraging airlines to fly more trips to Egyptian tourist...

Expectations of tourist bookings for winter season declined because of current conditions: Shalaby 
Jul20

Expectations of tourist bookings for winter season declined because of current conditions: Shalaby 

The vice president of the Tourism Investors Association in Marsa Alam Tarek Shalaby did not expect a high rate of bookings for the coming winter season because of the conditions experienced by the Egyptian tourist sector for more than four years. However, there haven’t been any consequences yet for the recent terrorist incident in Hurgada....

Tourism sector awaits reactions to events in Hurghada
Jul16

Tourism sector awaits reactions to events in Hurghada

The Ministry of Tourism, through its foreign offices and contracted private companies, began to measure the reactions and the repercussions resulting from the incident in Hurghada, which claimed the lives of four tourists from Ukraine and Germany. Executive director of Mind Share Riham El Sawy, which is part of the deal with JWT to promote...

Higher National Security Prosecution investigates Hurghada attack, Germany confirms 2 nationals killed
Jul15

Higher National Security Prosecution investigates Hurghada attack, Germany confirms 2 nationals killed

The German foreign ministry has confirmed on Saturday morning the killing of two nationals in a stabbing incident that took place in a beach resort in Hurghada Friday. A statement published on Saturday morning by the German embassy in Cairo said, “it has been confirmed that two German female tourists were killed in an attack in Hurghada....

 ECS targets increasing Egypt’s exports by 10%
Jul11

 ECS targets increasing Egypt’s exports by 10%

Through its foreign offices in 46 countries, the Egyptian Commercial Service (ECS) aims to increase Egypt’s non-petroleum exports by 10% as part of the Ministry of Industry and Trade’s strategy to promote industrial development and foreign trade of Egypt until 2020, according to Ahmed Antar head of the ECS. Antar told Daily News Egypt...

Siemens to press criminal charges as Russian-bound turbines head to Crimea
Jul11

Siemens to press criminal charges as Russian-bound turbines head to Crimea

Siemens will open charges on the “responsible individuals” who shipped turbines to Crimea from Southern Russia. Russian Energy Minister Alexander Novak said Moscow will push ahead to construct two plants in the region.German industrial giant Siemens is set to open criminal charges against those guilty of transferring shipments of gas turbines...

Putin calls sanctions a ‘covert form’ of protectionism
Jul06

Putin calls sanctions a ‘covert form’ of protectionism

Ahead of the G20 summit, Russian President Vladimir Putin has restated his anger over sanctions levied against Moscow. In a guest article for a German newspaper, he warned that trade barriers are becoming the norm.In an editorial published on Thursday in the German business daily Handelsblatt, Putin criticized “politically motivated” sanctions,...

MENA, North Africa may became favoured industrial FDI destinations
Jul04

MENA, North Africa may became favoured industrial FDI destinations

Renaissance Capital, the leading emerging market investment bank, expected in its report issued on 29 June that the Middle East and North Africa (MENA) region to become more attractive to foreign direct investments (FDI) in the coming years, supported by cheaper rates and better human capital. The report noted that North Africa, Turkey, and...

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