Section: Egypt
Tourism sector awaits reactions to events in Hurghada
The Ministry of Tourism, through its foreign offices and contracted private companies, began to measure the reactions and the repercussions resulting from the incident in Hurghada, which claimed the lives of four tourists from Ukraine and Germany. Executive director of Mind Share Riham El Sawy, which is part of the deal with JWT to promote...
Higher National Security Prosecution investigates Hurghada attack, Germany confirms 2 nationals killed
The German foreign ministry has confirmed on Saturday morning the killing of two nationals in a stabbing incident that took place in a beach resort in Hurghada Friday. A statement published on Saturday morning by the German embassy in Cairo said, “it has been confirmed that two German female tourists were killed in an attack in Hurghada....
ECS targets increasing Egypt’s exports by 10%
Through its foreign offices in 46 countries, the Egyptian Commercial Service (ECS) aims to increase Egypt’s non-petroleum exports by 10% as part of the Ministry of Industry and Trade’s strategy to promote industrial development and foreign trade of Egypt until 2020, according to Ahmed Antar head of the ECS. Antar told Daily News Egypt...
Siemens to press criminal charges as Russian-bound turbines head to Crimea
Siemens will open charges on the “responsible individuals” who shipped turbines to Crimea from Southern Russia. Russian Energy Minister Alexander Novak said Moscow will push ahead to construct two plants in the region.German industrial giant Siemens is set to open criminal charges against those guilty of transferring shipments of gas turbines...
Putin calls sanctions a ‘covert form’ of protectionism
Ahead of the G20 summit, Russian President Vladimir Putin has restated his anger over sanctions levied against Moscow. In a guest article for a German newspaper, he warned that trade barriers are becoming the norm.In an editorial published on Thursday in the German business daily Handelsblatt, Putin criticized “politically motivated” sanctions,...
MENA, North Africa may became favoured industrial FDI destinations
Renaissance Capital, the leading emerging market investment bank, expected in its report issued on 29 June that the Middle East and North Africa (MENA) region to become more attractive to foreign direct investments (FDI) in the coming years, supported by cheaper rates and better human capital. The report noted that North Africa, Turkey, and...
The politics of theft in Kyiv
The owners of a fitness club in Kyiv lost control of their firm when another one, with political connections, walked in and took over. It is one of many examples of corruption that is undoing Kyiv’s move westward.The trouble started at the end of 2016, when the Ryabchenko family – which owns the Sofiyskiy Fitness Center – was told by a...
The state has succeeded in lifting most travel bans imposed on Egypt: Soha El Torgoman
Soha El Torgoman, general manager of Ramses Hilton Hotel and a member of the Egyptian Tourism Authority (ETA) and the Technical Secretariat of the Supreme Council for Tourism, said that tourism in Egypt is improving. In an interview with Daily News Egypt, she explained all aspects related to the Egyptian tourism situation. What is your assessment...
48.6% increase in tourist arrivals in March: CAPMAS
The number of tourist arrivals from around the world reached 654,900 during March, compared to 440,700 during March 2016, an increase of 48,6%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). CAPMAS said that Western Europe sent the largest number of tourists to Egypt, accounting for 31.9%, and that Germany held...
Global cyber attack hits hospitals and companies, threat seen fading for now
SINGAPORE/LONDON A global cyber attack leveraging hacking tools believed to have been developed by the U.S. National Security Agency has infected tens of thousands of computers in nearly 100 countries, disrupting Britain’s health system and global shipper FedEx.Cyber extortionists tricked victims into opening malicious malware attachments...
