CIB Q2 results below consensus: Beltone
The Commercial International Bank’s (CIB) bottom line in the second quarter (Q2) of 2017 came in at EGP 1.8 bn (+25% y-o-y, +6% q-o-q), c.3-4% below both the market’s consensus…
Egypt, Belarus mull over new joint ventures
Belarus is increasing its trade with Egypt and considering setting up new joint ventures, according to a statement issued by the Ministry of Industry and Trade on Thursday. The statement…
Jude Benhalim wears the city’s “Urban Vibrance” on her sleeves
“Everyone moves up the scale when they have a magazine as prestigious as Vogue and Harper’s Bazaar write about them; it is like getting a good grade on a school…
Egyptian Travel Agencies Association rents 5 buses to support Pilgrimage
Electronic route required by Saudi authorities stipulates listing names of pilgrims and programmes, only accepts over 50 names, companies have to cooperate with others if they have fewer names
Stability Red Sea hotel occupancies during current week: Red Sea Tourism Investors Association official
The hotel capacity in the Red Sea governorate is about 35% of the working capacity operating in Egypt and represents about 45% of revenues for the tourism sector according to…
Tourism Ministry reviews documents of 3 companies to disburse charter flights incentives
Ministry of Tourism has disbursed $330,000 as a first tranche to Egyptian airports company as part of the dues of German airlines for organising tours to Egyptian destinations in November…
Expectations of tourist bookings for winter season declined because of current conditions: Shalaby
A one night stay in a single room ranges between $12 and $18, which is a very low price
Egypt automotive market under pressure amid elevated inflation, high borrowing costs
Vehicle prices on the rise despite lower demand, says BMI Research
Legal procedures continue in Warraq case
Defendants accused of committing violence interrogated, residents hopeful of compensation or rebuilding demolished houses
Al-Sisi appoints new State Council head
Appointment comes against general assembly’s wishes, but according to new law
