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Egypt’s navy saves touristic boat from sinking in Red Sea

According to a statement from the armed forces’ official spokesperson, orders were released to the navy to directly save the boat after the arrival of a notification of the boat’s sinking status. Forces assigned to save the boat were afforded all the medical and administrative help for the people onboard.

Daily News Egypt

New study indicates high potential for gas discoveries in Red Sea

The results of recent geophysical data analysis in the Red Sea carried out by Schlumberger in cooperation with Ganoub El Wadi Petroleum Holding Company (Ganope) revealed a 70% potentiality for new natural gas discoveries according to a seismic survey. A source from the petroleum sector told Daily News Egypt that the analysis have shown that …

Mohamed Adel

Government asserts preventive measures undertaken against floods

Minister of Water Resources and Irrigation Mohamed Abdel Aaty said weather forecasting, early warning systems, and remote sensing of precipitation were introduced in operation rooms that are monitoring expected winter floods. Abdel Aaty briefed President Abdel Fattah Al-Sisi Sunday on the preventive measures undertaken by the government against flood disasters, from which Egypt suffered in …

Daily News Egypt

Egyptian second-home market: a growing investment and lifestyle trend

Unlike other popular second-home destinations, such as the Seychelles, Morocco, Malta, France, and Spain, Egypt’s second-home market is not dependent on international investors and appeals primarily to Egyptians, as only 2% are foreign investors, according to global commercial real estate leader Colliers International. Colliers released its latest white paper, focusing on the Egyptian second-home market. …

Hisham Salah