Month: April 2020

79% of MENA hotels to partially or fully close after low occupancy rates: Colliers

Of the respondents, Colliers International identified 65% as owning existing hotels.

Nehal Samir

EBRD committed to Egypt’s tourism support despite COVID-19

€200m framework for tourism’s private sector to be approved within two years,…

Hagar Omran

EIB contributes €5.2bn to non-EU COVID-19 fight

The EIB, a publicly owned bank whose shareholders are the EU member…

Daily News Egypt

Covid-19 silver lining a more support to Egypt’s renewable, industrial sectors

As part of the same package of measures, the price of electricity…

Daily News Egypt

Diverse tourism marketing campaigns needed as Egypt may become post- pandemic ‘safe haven’: OUD

We seek to establish medical tourism complex, exploiting Egypt’s natural resources, says…

Abdel Razek Al-Shuwekhi

Egypt’s Parliament to donate EGP 20m to Tahya Misr Fund

Move aimed at fighting coronavirus: parliamentary statement

Daily News Egypt

Trump threatens to cut WHO funding; official responds ‘Now is not the time’

Trump also criticised the WHO’s initial response to the outbreak and the…

Daily News Egypt

Stakeholders offer innovative support for Egypt’s entrepreneurs

Support organisations roll up sleeves to help start-ups overcome COVID-19 impact

Mohamed Alaa El-Din

TMG Sukuk records 2.5 bid-to-cover ratio: EFG Hermes

FRA earlier approves first Sukuk offering worth EGP 2bn

Alyaa Stohy

Egypt’s net international reserves retreat to $40bn in March amid global shocks

Bank directs $5.4bn to cover local hard currency needs, bridge gap from…

Hossam Mounir