Tag Archive
Rare storm hits Egypt
Four people were killed and more than 50 hurt as bad weather wreaked havoc across Egypt, pelting the capital with a freak hail storm and smashing a luxury liner into a pier, officials and media said Friday. In the northern Mediterranean city of Alexandria, waves as high as a two-storey building pounded the coast, media... »
Egypt tourism making a comeback
The Egyptian economy’s biggest foreign currency earner staged a comeback over the summer and fall, revealing that the global slowdown’s impact on the sector has turned out to be relatively moderate. The Ministry of Tourism announced in October that Egypt saw a 6.4% drop in tourism revenue in the first nine months of 2009. The... »
Tourist boat sinks in Red Sea, two missing
Two Spanish tourists were missing in the Red Sea on Thursday after their dive boat sank in rough water off Egypt’s Sinai coast, a popular beach holiday and diving destination. Fourteen other Spanish tourists and seven Egyptian crew were rescued after the boat capsized and sank near Ras Mohammed. A naval boat was looking for... »
Egypt launches world’s first Arabic web domain
Communications minister Tarek Kamel said the new domain name would be “.masr” written in the Arabic alphabet. It translates as “.Egypt”. Last month, internet regulator Icann voted to allow non-Latin web addresses. Domain names can now be written in Arabic, Chinese and other scripts. Mr Kamel, who was speaking at the start of the Internet Governance... »
‘Made in China’ now made in Egypt
Around 950 Chinese companies have set up operations in Egyptian free zones, representing a total investment of nearly 300 million US dollars. Cheap raw materials and favourable export conditions have given them easy access to foreign markets. Local salaries are low enough to compete with those of Chinese workers, even with a system of bonuses... »
Sharm el-Sheikh among the Top Ten package holiday resorts
Image by WomEOS via Flickr This year, Sharm el-Sheikh has broken into the list of Top Ten package holiday resorts, an extraordinary achievement for a place largely unknown less than 20 years ago. In 1967, Sharm-el-Sheik, which sits at the mouth of the Strait of Tiran, became the unlikely trigger for the Six Day War when... »
Egyptian Family Buys London’s Trophy Stafford Hotel for $128M
The wealthy El Sharkawy family of Cairo has outbid the Guiness Peat Group in the $128 million purchase (£77.5 million) of the 105-room, 300-year-old Stafford Hotel in London’s historic St. James’s Place district. The sale marked the largest transaction of its kind in three years in the United Kingdom’s lukewarm hospitality industry, according to published... »
Investors increasingly setting their sights on Egypt property
Image via Wikipedia The possibility of snapping up a bargain property is drawing many foreign investors to Egypt, an expert has stated. Paul Collins, spokesperson for the BuyAssociation website, stated that the country was very popular because of the relative affordability of high-quality houses. He added that the country’s weather was also a strong draw for... »
CHI Hotels & Resorts to open its First Sharm el Sheikh Hotel in July
Malta based CHI Hotels & Resorts (CHI) will open its newly built 351-room ‘Tiran Hotel’, as part of the Corinthia Beach Resort Sharm el Sheikh in Egypt, on 1st July of this year. The property is owned by Mr. Abdulhafiz Ali Mansouri’s Cyrene Tourism Investment Corporation of Egypt. Situated in one of Sharm’s finest locations... »
Wataniya Airways to launch Flights to Sharm El Sheikh
Image via Wikipedia Kuwait-based Wataniya Airways will launch flights between Kuwait and Sharm El Sheikh in Egypt from 5 June 2009. The airline will initially fly to the popular holiday and MICE (Meetings, Incentives, Conferences and Exhibitions) destination two times a week. Wataniya Airways flies from the Sheikh Saad Terminal to Dubai, Cairo and Beirut, Bahrain and... »
