: :inin Kyiv (EET)

Section: Daily News Egypt (Egypt)

    Sector strategy targets 16.6m tourists by 2020
    Apr18

    Sector strategy targets 16.6m tourists by 2020

    The former chairperson of the Egyptian Tourism Federation (ETF), Elhamy El-Zayyat, and member of the board of directors of the Egyptian Chamber Hotel , Haitham Nassar, laid out a strategy to develop the tourism sector within the next two years, in cooperation with Abla Abdullatif, chairperson of the Egyptian Centre for Economic Studies (ECES)....

    Russian shares sell off amid sanctions fears
    Apr10

    Russian shares sell off amid sanctions fears

    The ruble has experienced its biggest one-day fall for over two years and stocks in major Russian companies also slid, as investors reacted to a new round of US sanctions targeting some of Russia’s biggest tycoons.The fresh US sanctions announced on Friday, targeting officials and businesspeople around President Vladimir Putin, sent...

    Egypt’s tourism expected to recover, backed by growth in tourist arrivals: OBG
    Apr03

    Egypt’s tourism expected to recover, backed by growth in tourist arrivals: OBG

    The Egyptian tourism sector is poised to experience a rebound, despite challenges, leading to a more positive outlook in the near to medium terms, according to Oxford Business Group (OBG)’s Egypt economic update issued on Monday. OBG associated the recovery to the recent uptick in foreign arrivals, as well as the expected boost from the...

    Ryanair now flying to Ukraine
    Mar24

    Ryanair now flying to Ukraine

    Irish no-frills carrier Ryanair has said it’s launching its first routes from European cities to Ukraine. The announcement rekindles a deal the airline walked away from last year in the face of alleged protectionism.Ukrainian President Petro Poroshenko and Ryanair CEO Michael O’Leary announced the deal at a briefing at Kyiv’s...

    Swiss government lifts freeze on Egyptian assets, keeps Tunisian, Ukrainian assets
    Dec21

    Swiss government lifts freeze on Egyptian assets, keeps Tunisian, Ukrainian assets

    The Swiss Federal Council announced that it will end the freeze on the remaining $436m of frozen Egyptian assets, in a press statement on Wednesday. However, they extended the freeze on both Tunisian and Ukrainian assets. The Swiss Federal Council had frozen both Egyptian and Tunisian assets in the wake of the 2011 Arab spring uprisings and...

    Iron in grip of local factories
    Dec07

    Iron in grip of local factories

    Local iron mills now control the iron market after the Ministry of Industry applied anti-dumping duties on iron imports from China, the Ukraine, and Turkey for a period of five years, ending in June 2021, amid objections from importers on the decision. Minister of Industry Tarek Kabil said that the decision followed complaints from local...

    2018 tourist season strong, occupancy up 20% since year beginning: Hilton
    Nov19

    2018 tourist season strong, occupancy up 20% since year beginning: Hilton

    Officials at Hilton Group said that performance indicators are recovering as Egypt and Turkey revive their tourist market. They noted that occupancy grew by 20% since the beginning of the year. Carlos Khneisser, Hilton’s vice president of development for MENA and Turkey, said that the Egyptian economy is seeing the currency stabilise, along...

    Egyptian exports to France up by 17% in H1 2017
    Oct23

    Egyptian exports to France up by 17% in H1 2017

    Egyptian exports to France increased by 17% in the first half (H1) of 2017, scoring a value of €321.3m, up from €274.9m in H1 2016. According to the latest report of the Economic Department of the French embassy in Egypt, imports from France increased by 11% in the same period, reaching €915.9m, compared to €825.7m. Trade exchange between Cairo...

    Travco Group allocates $120m for 4 hotels
    Oct23

    Travco Group allocates $120m for 4 hotels

    Travco Group is working on founding four hotels in various tourist cities and is implementing a plan to renovate its fleet of tourist transport from local products. According to Hamed El Chiaty, the company’s CEO, $120m are allocated to create four new hotels in the cities of Marsa Alam, Safaga, Hurghada, and Marsa Matrouh, with 1,200 rooms...

    Japanese tourism inflow to Egypt expected to increase: Deputy Tourism Minister
    Sep29

    Japanese tourism inflow to Egypt expected to increase: Deputy Tourism Minister

    Deputy Minister of Tourism Adla Ragab, said that the chances of increasing Japanese tourism to Egypt are very high, with flights from EgyptAir between Japan and Luxor. Ragab added that Japanese tourism to Egypt is considered one of the most important wishing to visit the archaeological areas in Luxor and Aswan with higher expenditure rates of...

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