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Egypt’s hotel market sees average 34% RevPAR growth in Q1 of 2019

Egyptian markets, such as Cairo, Hurghada, Sharm El-Sheikh, and Alexandria, continue to experience strong growth in performance levels, according to the Colliers’ MENA hotel full-year forecast 2019 report. “In the first quarter (Q1) of 2019, these markets saw an average Revenue Per Available Room (RevPAR) growth of 34% compared to the same period last year. …

Daily News Egypt

Virginie Viard Embarks on a New Journey

Slowly overcoming the shock and sadness surrounding Karl Lagerfeld’s sudden death, Chanel has recently welcomed the dawn of a new era led by Virginie Viard, the house’s new creative director. As Lagerfeld’s successor, the designer presented her first solo show for the Parisian fashion house in time for the Cruise 2020 collection. Following Chanel’s traditions, …

Daily News Egypt

Deana Shaaban Salutes Women with Her Spring 2019 Collection

The mesmerising tunes of jazz embraces women as they walk into her studio. Welcomed by coffee aroma, eloquent tulle gowns, and proud silk drapes – stepping into the world of Deana Shaaban is as smooth as sailing through a charming, yet calm ocean. Over the duration of 10 years, she has managed to remain at …

Daily News Egypt

NCW monitors image of women in Ramadan dramas, commercials

The President of the National Council of Women (NCW), Maya Morsi announced that the council established a committee headed by Suzan Al-Kalini, head of the media committee at the NCW, to monitor the image of women in series, commercials, and programmes to be screened on television during the holy month of Ramadan. Morsi noted that …

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Arabs in AFCON: many appearances with little achievements

CAF Africa Cup of Nations (AFCON) is one of the largest continental competitions awaited by football fans from the moment its last match ends to the moment the new championship starts. AFCON is organised by the CAF every two years to determine the continent’s champion. It is ranked third in the world after the FIFA …

Daily News Egypt

Egypt’s annual inflation falls to 12.5% in April

Egypt’s annual consumer price inflation dropped to 12.5% in April 2019, compared to 12.9% in April 2018, according to Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday. The CAPMAS said that the monthly inflation rate increased by 0.4% in April, recording 308.1 points, compared to 307 points in March. Furthermore, the CAPMAS attributed …

Daily News Egypt

Al-Sisi discusses supporting African continent with Mushikiwabo

President Abdel Fattah Al-sisi met on Wednesday with the head International Organisation of La Francophonie (IOF), Louise Mushikiwabo, where they discussed mutual cooperation. Sisi said Egypt looks forward to boosting cooperation with the support of countries in the African continent during the meeting, and that he aims that the cooperation would support African countries in …

Daily News Egypt

Thales appoints new Country Director in Egypt

Thales, a global leader in aerospace, defence, security, space, and transportation sectors, announced on Wednesday the appointment of Sherif Barakat as the new country director of Egypt. As the new Country Director, Barakat will be responsible for strengthening the presence of Thales with a focus on driving growth in the transport, aerospace, defence, and security …

Daily News Egypt

Manufacturing, extractive index decrease by 2.6% during February 2019

The manufacturing and extractive industries index (excluding crude oil and petroleum products) is 122.30 during February 2019 compared to 125.58 during January 2019, a decrease of 2.6%. The Central Agency for Public Mobilization and Statistics (CAPMAS) issued the data of the production index of manufacturing and extractive industries for February 2019. It noted that the …

Daily News Egypt