Category Archives: Egypt News

Egypt News

Sharm El Sheikh to Host the First Edition of the African Tourism Forum on May 20th

The Sharm El Sheikh International Conference Center in Egypt will host the first edition of ATF24Egypt, The African Tourism Forum from the 20th to 21st of May. This event is sponsored by GMT Fair organization and Rixos Hotels Egypt.

The African Tourism Forum to be Held in Sharm El Sheikh on May 20-21 2024

ATF24Egypt, The African Tourism Forum will take place from the 20th to 21st of May at the Sharm El Sheikh International Conference Center in Egypt, with the Rixos Hotels Egypt as the accommodation sponsor.

Rixos Premium Alamein Opened its Doors as a New Haven on Egypt’s Mediterranean Coast

Discover the allure of Rixos Premium Alamein, the latest addition to Egypt’s Mediterranean coast. This exquisite resort combines elegance, ultimate comfort, and indulgence, inviting guests to embark on an unforgettable journey of luxury and leisure.

Egypt and the Big 5 Dominate Hotel Development in Africa

In 2024, Egypt and the Big 5 global hotel chains—Accor, Hilton, IHG, Marriott International, and Radisson Hotel Group—lead Africa’s hotel development, capturing a market share of 28% and 71% respectively, as per the latest African Hotel Chain Development Pipeline report by W Hospitality Group. With over 92,000 rooms in 524 hotels across the continent, the report highlights a surge in resort growth and Egypt’s remarkable dominance in the market.

All Rixos Egypt Properties Received Booking.com Traveller Review Awards 2024

Rixos Hotels Egypt is delighted to receive the esteemed Traveller Review Awards 2024 by Booking.com for its multiple properties such as Rixos Premium Seagate, Rixos Sharm El Sheikh, Rixos Golf Villas & Suites Sharm El Sheikh, Rixos Alamein, and Rixos Premium Magawish Suites & Villas. This recognition celebrates Rixos Hotels Egypt’s unwavering commitment to delivering unparalleled service and exceptional guest experiences.

TCI Signs Agreement To Build And Operate Egypt’s First Bulk Cement Export Silo Terminal With Sinai White Portland Cement Company

Transcargo International, TCI, a veteran terminal operator in Egypt, announces the signing of an agreement with Sinai White Portland Cement, SWCC, for the development of Egypt’s first bulk cement silos in Arish Port, marking a significant milestone in the cement industry in Egypt and its export capabilities.

Global Startup Awards Africa Announces 16 Category Winners Innovating for a Global Africa at the history-making Summit in Addis Ababa, Ethiopia

The announcements were recently made at the GSA Africa Summit in Addis Ababa, Ethiopia. Joined by Her Excellency Muferihat Kamil, Ethiopia’s Minister of Labour and Skills and His Excellency Dr Belete Molla Getahun, Ethiopia’s Minister of Innovation and Technology, the summit’s grand finale at Addis Ababa’s Friendship Park has proved a significant event. The GSA Africa awards began in 2021, a journey that has led to over 15,000 African innovators nominated from 54 countries, the support of 300 jury members, ambassadors, and hundreds of innovation hubs across the continent.

Arbitration as a Key Tool for Businesses in the MENA Region

By Samaa A. Haridi,  Vice President (Egypt and USA) of the ICC International Court of Arbitration and a Partner at law firm King & Spalding. International arbitration has become a key tool for conducting business in the Middle East and North Africa (MENA) region, especially now that an increasing number of MENA businesses cross regional and […]

Egypt and Marriott power hotel development in Africa

When it comes to hotel development across Africa, Egypt and Marriott are the two phenomena to watch. This insight comes from this year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent. The survey, conducted by […]

Rixos Hotels Egypt Bagged a Recognition of the Booking.com Traveller Review Award 2023

Rixos Hotels Egypt embraces the brand-new year with another recognition as their luxurious properties were recognized with Booking.com Traveller Review Award 2023. This distinguished award is an annual appreciation program for various hospitality partners with remarkable services, determined by the review scores that travelers leave after their stay or experience the property. The Ultra All […]

Rixos Hotels Egypt to Host the First-Ever Indian Wedding in Egypt

Rixos Premium Seagate and Rixos Sharm El Sheikh kick start the brand-new year by hosting an Indian Wedding, and it is notable it was the first time it happened in the history of the land of the Pharaohs, Egypt. Positioning the Rixos properties as an opulent and world-class wedding venue, it is a perfect inception […]

Get Ready for the Ultimate New Year’s Celebration at Rixos Hotels Egypt in 2023!

Celebrate the start of 2023 with a special New Year’s Week celebration at Rixos properties, such as Rixos Premium Magawish Suites & Villas, Rixos Premium Seagate, and Rixos Sharm El Sheikh! This extravagant event is sure to be packed with amazing live shows and performances. Celebrate the New Year in style at the Rixos Premium […]

The growing US dollar weighs down on African economies

By Pitamber Kaushik As the Federal Reserve, the central bank of the United States, continues to hike its lending rates aggressively in order to rein in persistent inflation, the stress exerted by the bulking US Dollar continues to send ripples throughout the world. Being the predominant medium of international exchange, serving as the world’s principal […]

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change […]

MaxAB raises $40 million from Silver Lake, BII, and DisruptAD to support company growth and regional expansion

MaxAB, an e-commerce and distribution platform for food and grocery items, has announced the close of a $40 million pre-series B equity round to finance its expansion into the Middle East, North Africa and Pakistan region. New investors in this round include Silver Lake, British International Investment and DisruptAD, along with existing investors Beco Capital, […]

Africa hotel development: It’s Egypt, Morocco, Accor & Marriott

Just four words are needed to sum up the main findings of this year’s African hotel chain development pipeline survey conducted by W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF); those words are Egypt, Morocco, Accor and Marriott. This year’s annual survey, which is widely acknowledged as the industry’s most authoritative […]

Africa is leapfrogging into the future of retail

The bi-annual Global Retail Development Index (GRDI), which is a study of the global retailing landscape has revealed Africa is poised to move away from traditional retail models and become the fastest-growing, richest, and most sophisticated market in the world. Prashaen Reddy, a partner at management consulting firm Kearney says that this is thanks to the […]

Global Cities Report – Five strategic imperatives for city leaders

Last year’s edition of the Kearney Annual Global Cities report provided a revealing overview of urban centres amid the unprecedented public health catastrophe of the COVID-19 outbreak. A stark snapshot was painted of a volatile, increasingly fragmented environment characterized by fierce competition among cities for status, a situation acutely exacerbated by the coronavirus pandemic. “The […]

Sheikh Mohammed bin Zayed tours Egypt pavilion at Expo 2020 Dubai

His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, toured Egypt pavilion at Expo 2020 Dubai and expressed his admiration for the display and amazing content of the pavilion, especially the mixture of history and civilization, as well as the vision for […]

UAE Government leaders, African Ministers share insights on their digital transformation agenda at GITEX GLOBAL 2021

Africa is set to power the world’s digital transformation with its huge young talent base powering an offshore services export revolution with Egypt in pole position and Ghana set to lead on bridging the digital gender divide. Insights shared by Leaders during GITEX GLOBAL Leaders Vision Summit in Dubai. Speaking on the Africa focus opening […]