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FJP: PM should implement Sinai development plan

By Moustafa Salah The Freedom and Justice Party (FJP) has called on Prime Minister Hesham Qandil to begin implementing the plan to develop the Sinai before the end of the year. The party emphasised the need to develop the Sinai in the wake of the latest terrorist attack on soldiers guarding the border with Israel. …

Daily News Egypt

Sinai event impedes tourism revival efforts

By Abdel Razaq El-Sheweikhy Tourism investors expressed fear that the terrorist attack in the Sinai will negatively impact tourism in Egypt, particularly in southern Sinai. They predicted that hotel reservations would decline in that area the coming week by 40 percent. Samy Soliman, head of the Taba and Nuweiba Investors Association, said that the effects …

Daily News Egypt

National Bank of Egypt to finance tourist projects

By Walid Abdelazim An official at the National Bank of Egypt (NBE) stated that the bank is currently conducting studies into providing an additional EGP 300million for tourist projects in Marsa Alam and Taba. The official said that the NBE recently provided EGP 1million to the two cities, mostly for hotels to upgrade their insurance …

Daily News Egypt

Minister of tourism: initial indicators confirm sector recovery

By Abdel Razeq Al-Shweikhy “The tourism sector is only operated at 20% capacity after the January 25 Revolution,” began Minister of Tourism Monir Fakhry Abdel Nour, emphasizing that his Ministry is aiming for a return to the tourism numbers of 2010, in which the sector had 14.7 million visitors and revenues of EGP 12.5bn. Abdel Nour said that satisfaction with the results of …

DNE

Egypt Q1 tourist arrivals up 32 pct

By AFP CAIRO: The number of tourists visiting Egypt rose 32 percent in the first quarter of 2012, compared to the same period of 2011 when the sector plunged because of Egypt’s revolution, officials said on Thursday. A total of 2.5 million tourists arrived in Egypt between January and March, compared with 1.89 million a …

DNE

INTERVIEW: Turkish tourism feels ripples of Arab Spring

By Lin Noueihed / Reuters DJERBA: Thirteen months of unrest in Syria have hurt tourism in neighboring Turkey, which expects visitor numbers to remain stable in 2012 at more than 30 million, Turkish Tourism Minister Ertugrul Gunay said on Monday. Speaking to Reuters on the sidelines of a Mediterranean tourism conference in Tunisia, Gunay said …

DNE

No quick revival seen for Egypt, Tunisia tourism

By Victoria Bryan and Maria Sheahan / Reuters BERLIN: Egypt and Tunisia are unlikely to see tourism — a vital prop for their battered economies — revive anytime soon as holidaymakers continue to shun North African destinations a year after the “Arab Spring” revolutions. Bookings to the two countries collapsed last year after popular uprisings across …

DNE

Egypt’s long-term tourists may be forced to leave

By Charlie Cabot CAIRO: Tourist visas have long been the easiest way for foreigners to live in Egypt, but with increasing unemployment and fears of unregulated immigrant labor, the age of the long-term tourist is drawing to a close. The immigration department has rejected all recent requests to renew tourist visas, leaving many long time Egypt …

DNE

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