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You are here:  Home  >  Articles by Abdel Razek Al-Shuwekhi
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Al-Tayyar awaits government response on Cairo land, offers to construct housing units: Managing Director

  /  August 19, 2014  /  Business  /  No Comments

Al-Tayyar Travel Group awaits a response from the governorate of Cairo regarding company ownership of land and offers to construct housing units for low-income families

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TDA to offer 4 investment opportunities for projects in Ain Sokhna: Tourism minister adviser

  /  August 19, 2014  /  Business  /  No Comments

Tourism Development Authority will offer four investment opportunities for integrated development in Ain Sokhna on an area of over 500,000 square metres each

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Government to establish company for SMEs, place 80% of shares in stock market: Planning minister

  /  August 18, 2014  /  Business  /  No Comments

The Egyptian government plans to put up 80% of the shares of a company for small and medium enterprises in the stock market for IPOs in attempt to boost economy

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Egypt received $1bn from IFC in 2013: MENA general manager

  /  August 17, 2014  /  Business  /  No Comments

The IFC funded private sector projects in various fields including infrastructure, energy, and small and medium enterprises.

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ITIDA signs cooperation protocol with International Finance Corporation: Communications minister

  /  August 17, 2014  /  Business  /  No Comments

Information Technology Industry Development Agency signed protocol with IFC to strengthen workers’ competitiveness in Egypt’s technology sector

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EGP 15bn investment goal for Suez Canal project telecomms sector: Communications Minister

  /  August 17, 2014  /  Business  /  1 Comment

Communications Minister Atef Helmy anticipates investments in the telecommunications and information technology sectors worth up to EGP 15bn

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Mehleb charges 3 ministries, Central Bank with studying Suez Canal project funding: Finance Minister

  /  August 17, 2014  /  Business  /  No Comments

Ibrahim Mehleb charges Finance, Investment, and Planning ministries with studying mechanisms to raise $8bn for new Suez Canal project

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Stimulus programmes for charter flights reconsidered to encourage tourism: Minister of Tourism

  /  August 13, 2014  /  Business  /  1 Comment

Ministry will reconsider stimulus programmes for charter flights to encourage travel to Egypt through introducing new programmes to support airlines economically

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TDA considers delaying 20m metre tender to 4Q 2014: Tourism ministry official

  /  August 12, 2014  /  Business  /  No Comments

Tourism Development Authority considers deferring tender to the last quarter of year instead of August on lack of investor interest

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Cement companies to increase prices: Chambers of Commerce official

  /  August 11, 2014  /  Business  /  No Comments

Cement companies lead a coalition to increase the price of one tonne of cement to EGP 750 for merchants in light of power shortage and stagnancy

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Russian tourism market requires study to attract new groups: Chair of Egyptian Tourism Federation

  /  August 11, 2014  /  Business  /  No Comments

Russia forms one of the largest tourism markets for Egypt in recent years and must be studied in order to attract new categories of tourists

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Protection for Ras Um Sid in Sharm El-Sheikh requires EGP 850m: South Sinai official

  /  August 10, 2014  /  Business  /  1 Comment

EGP 850m in funding require to avoid plateau collapse and destruction of 4,000 hotel rooms

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‘Hard work and dedication’ more important than donating to fund: South Sinai Governor

  /  August 9, 2014  /  Business  /  1 Comment

Major General and South Sinai Governor Khaled Fouda has donated his salary of EGP 5,000 to the Long Live Egypt fund, initiated by President Abdel Fattah Al-Sisi

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Egypt ranks 100 for foreign investment impact for communications for FY 2012/2013

  /  August 6, 2014  /  Business  /  1 Comment

Egypt tops other Arab countries, placing 100 in the foreign investment impact index for information transfer for FY 2012/2013, says World Economic Forum

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Egyptian workers leaving Libya increases unemployment in Egypt: Chambers of Commerce official

  /  August 6, 2014  /  Business  /  1 Comment

Infighting among Libyan militias leads Egyptians to flee, increasing the 13% unemployment rate for Egypt’s 26 million workforce, says chair of Recruitment Division at Chambers of Commerce Federation

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Arab Contractors has suspended investments worth EGP 610m in Libya until situation stabilises

  /  August 6, 2014  /  Business  /  No Comments

The Arab Contractors company has investments in Libya totalling up to EGP 610m, according to company chairman Mohamed Mohsen Salah, who added that the projects being implemented by the company include building sewage plants, dams read the rest…

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Tourism ministry aims to increase Gulf visitors by 20% by end of August: Ministry official

  /  August 4, 2014  /  Business  /  No Comments

Ministry of Tourism collaborates with EgyptAir and Air Cairo to launch flights between Riyadh, Jeddah and Kuwait to Sharm El-Sheikh and Hurghada

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Ministry of Civil Aviation raises aircraft self-service fees to airport developments: Ministry of Finance

  /  August 4, 2014  /  Business  /  1 Comment

Self-service fees in Egyptian airports rise to $45, $60 and $78, according to weight of aircrafts

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Occupancies decrease in coastal areas following Eid Al-Fitr holiday: Vice President of Chamber of Hotels

  /  August 3, 2014  /  Business  /  1 Comment

Occupancies for hotels in coastal areas increased during the holiday to more than 80%, said Al-Shaer, as many Egyptians left their homes to spend Eid Al-Fitr elsewhere.

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NIB funds EGP 270m in public housing projects this year: Board Member

  /  August 2, 2014  /  Business  /  1 Comment

National Investment Bank looks to finance housing projects in framework of state support for social housing projects

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High occupancy in Red Sea and South Sinai pre-Eid Al-Fitr: Hotels Chamber

  /  July 27, 2014  /  Business  /  1 Comment

Occupancies in the Red Sea increased to 70% and South Sinai to 50% before Eid Al-Fitr, expected to rise to 90% and 80% respectively

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General Authority for Tourism needs restructuring: Egyptian Federation of Chambers of Tourism chairman

and   /  July 26, 2014  /  interviews  /  1 Comment

Authority needs change to revitalise incoming tourism, according to consumer studies on the perception of Egyptian tourism abroad

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Finance Ministry expects EGP11bn from special funds and accounts for FY 2014/2015: Ministry official

  /  July 23, 2014  /  Business  /  No Comments

Annual profit deduction of 10% compared to last year’s 20%, to strengthen involvement of governorates in development projects

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Tourism ministry to launch campaign to encourage Europeans to visit Egypt

  /  July 21, 2014  /  Business  /  3 Comments

Tourism authority official says lifting travel warning important step to restore tourism from Europe

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Cotton company asks EGAS to approve debt repayment schedule

  /  July 21, 2014  /  Business  /  2 Comments

Holding Company for Cotton Spinning and Weaving has debts exceeding EGP 1bn, aims to push growth rate to 70% during the current fiscal year

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TDA intensifying financial demands from investors over next fiscal year: Authority CEO

  /  July 20, 2014  /  interviews  /  1 Comment

Tourism Development Authority also demanding reconsideration of allocation decisions for projects that have only been 10% implemented

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5 year timeline for tourism companies to repay debts to social insurance fund: Tourism ministry official

  /  July 19, 2014  /  Business  /  1 Comment

Ministry of Social Solidarity has given tourism operators and hotel establishments a 6 month deadline to pay workers’ insurance debts; total debts to be paid in installments over 5-year period

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Almasria Universal Airlines considers operating flights to tourist areas at discounted prices: Chairman

  /  July 16, 2014  /  Business  /  1 Comment

Almasria Universal Airlines considers operating flights to Sharm El-Sheikh and Luxor during peak seasons holidays at reduced prices

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EgyptAir to launch flights to Indian capital of New Delhi: Tourism minister

  /  July 15, 2014  /  Business  /  No Comments

Direct route with 3 flights a week from Cairo to New Delhi to begin service in October

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Rise in occupancy to 70% in Red Sea, 55% in South Sinai after German travel warning lift:Tourism minister

  /  July 15, 2014  /  Business  /  1 Comment

Occupancy in tourist accommodations rose after travel warnings lifted in the European market

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