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Business - Economy
1/6/2024 7:05:33 PM
Egypt’s current account deficit decreased by 12.1 percent to $2.8 billion during the period between July and September 2023, compared to $3.2 billion a year prior, according to the data released by the Central Bank of Egypt (CBE) on Thursday.

Business - Economy
1/4/2024 5:28:45 PM
Egypt's economy expanded faster than planned in the fiscal year (FY)2022/2023, driven by double-digit gains in sectors ranging from tourism to infrastructure, the Minister of Planning and Economic Development Hala El-Said stated on Wednesday.

Egypt - Tourism
1/2/2024 3:42:46 PM
In a bid to celebrate and preserve Egypt's cultural and historical legacy, the Ministry of Tourism and Antiquities, in collaboration with the UNESCO office in Cairo, has completed the first phase of the Al-Muizz Street Signage Project.

Egypt - Tourism
1/1/2024 3:55:13 PM
Egypt's Ministry of Transport will hold a conference on Wednesday in the New Administrative Capital to explore ways to enhance the establishment of local and international marinas and boost yacht tourism in Egypt.

Al-Ahram Weekly - Heritage
12/19/2023 6:03:19 PM
Enhancing the tourist experience, digitising the services provided at archaeological sites and museums, exploring and conserving Egypt’s heritage, and opening new cultural attractions all took place this year, writes Nevine El-Aref

Business - Economy
12/17/2023 6:12:08 PM
Egypt bears an annual burden of over EGP 13 billion due to interest rate differences in loans provided domestically at discounted interest rates for production sectors, covering agricultural, industrial, and tourism activities, Minister of Finance Mohamed Maait said on Sunday.

Business - Economy
12/7/2023 8:27:52 PM
The IMF is currently discussing with Egyptian authorities providing additional financing to ensure the successful implementation of the policy package for Egypt to help it withstand the repercussions of the recent conflict in the Middle East and its potential adverse impact on tourism revenues, Julie Kozack, the IMF’s Director of Strategic Communications (COM), told Ahram Online.

Business - Economy
12/7/2023 5:08:45 PM
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, a joint-stock company, per the decree published in the Official Gazette on Thursday.

Business - Economy
11/30/2023 6:29:06 PM
The Egyptian government is wrapping up an initiative to sell real estate units in foreign currency to foreigners and expats to boost real estate exports and secure more hard currency amid a severe shortage in the US dollar supply.

Egypt - Tourism
11/28/2023 7:58:44 PM
The Egyptian Ministries of Transport and Tourism and Antiquities have collaborated to overcome barriers to tourism on the Nile and increase tourist numbers.

Business - Economy
11/20/2023 7:29:55 PM
The Saudi Al-Lami Holding Group unveiled its plans to make a substantial investment of $500 million in Egypt over the next two years, targeting the flourishing tourism and real estate sectors, Mohamed Talaat Al-Lami, head of the group, said on Monday.

Egypt - Tourism
11/20/2023 4:54:08 PM
Egypt has opened registration through tourism companies for Hajj 2024, a statement by the Ministry of Tourism said on Monday.

Business - Economy
11/19/2023 4:19:21 PM
Saudi investments in Egypt reached $6.3 billion in 7,444 projects in sectors such as industry, construction, tourism, services, and telecommunications, among others, said Minister of Trade and Industry Ahmed Samir.

Business - Economy
11/18/2023 3:27:41 PM
Amid the devastating Israeli war on Gaza, the International Monetary Fund (IMF) is considering expanding Egypt's $3 billion loan programme by an unspecified amount, Kristalina Georgieva, the fund’s managing director, said on Friday.

Al-Ahram Weekly - Economy
11/7/2023 9:48:38 PM
Experts are hoping that the tensions in the Middle East will have a minimal effect on Egypt’s tourism sector, writes Nevine El-Aref

Business - Economy
11/6/2023 7:53:19 PM
Egypt received 1.3 million tourists from 80 countries in October -- an 8 percent increase from October 2022 -- despite the geopolitical tensions, said Minister of Tourism Ahmed Essa.

Business - Economy
11/6/2023 7:18:27 PM
S&P Global Ratings agency has raised concerns over the significant impact that the Israeli war on Gaza is expected to have on foreign tourism in Egypt, Jordan, and Lebanon.

Business - Economy
10/29/2023 2:32:39 PM
The Israeli war on Gaza has had a moderate impact on tourism to Egypt, particularly in South Sinai, experts told Ahram Online.

Egypt - Tourism
10/20/2023 1:49:27 PM
A historic moment unfolded today at the 25th Annual General Assembly of the United Nations World Tourism Organization (UNWTO) in Samarkand, Uzbekistan, as Dahshur in Giza Governorate and Siwa in Matrouh Governorate clinched the coveted title of UNWTO Best Tourism Villages for the year 2023.

Antiquities - Ancient Egypt
10/16/2023 4:53:04 PM
Egypt’s Ministry of Tourism and Antiquities has installed a replica of the Karnak King List in its original location at the southwest corner of the Akh-Menu Hall at Karnak Temple, Luxor.

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