Egypt News Archives - Page 2 of 5

Rixos Egypt Throughout the Years and the Coming Years

4May

By Africa BusinessNo Comments

Africa Travel, Egypt News

Rixos Egypt Throughout the Years and the Coming Years

One of the lavish gems in the land of Pharaohs, Rixos Hotels Egypt manifests significant growth and continuous expansion throughout the years with its perfectly curated and luxurious experiences. In an interview with Mr. Erkan Yildirim, Managing Director of Rixos Hotels Egypt, said “We aim to spread Rixos global luxury concept and to support as well Egypt as a destination by driving more tourists to explore and enjoy this majestic country.” He stated the brand targets to include other luxuries like additional hotel expansions, the development of residential hotels, more airline partnerships, cruises, and more. “Our goal is to continue creating new concepts and compete with other international standards, not just within the country.” He added. Currently, Rixos has five hotels in Egypt ...

4Apr

By Africa BusinessNo Comments

Egypt News, Main

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 international borders. The reasons behind this trend range from the need for neutral and efficient dispute resolution mechanisms, to the growing recognition of the benefits of international arbitration by governments and businesses alike, and the desire to protect investments. International arbitration offers a neutral forum for resolving disputes, which provides a level of comfort and security for businesses that operate across borders, as they ...

Egypt and Marriott power hotel development in Africa

22Mar

By Africa BusinessNo Comments

Africa Travel, Egypt News

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 Lagos-based W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF), is based on responses from 45 global and regional (African) hotel chains, reporting on a pipeline of hotel development activity totalling around 84,400 rooms in 482 hotels, in 42 of Africa’s 54 countries. North Africa continues to dominate the pipeline, with Egypt far ahead. It alone numbers 21% of the hotels and 30% of the ro...

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

6Feb

By Africa BusinessNo Comments

Africa Travel, Egypt News

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 Inclusive hotel with its protected coral reef and a wide array of activities and entertainment, Rixos Premium Seagate; Rixos Sharm El Sheikh, the adults 18+ only property where the desert meets the pristine waters of the Red Sea; the luxurious resort of Hurghada with world-class suites and villas, Rixos Premium Magawish Suites & Villas; the modern and opulent resort positioned on the unspoiled no...

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

19Jan

By Africa BusinessNo Comments

Africa Travel, Egypt News

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 for their hotels to host an Indian Wedding that is the epitome of glam and elegance perfected with rich culture and longstanding traditions. Inventum Global, the world’s leading destination management company, and the esteemed Jaydeep, the president of EMF ACE, organized this Indian wedding. The luxurious hotels received 450 guests with the warmth and elegance of Rixos' legacy. For three days and three nights, they had been provided with unrivaled hospitality, impeccable embel...

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

27Dec

By Africa BusinessNo Comments

Africa Travel, Egypt News

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 Magawish Suites & Villas. On December 31st, you can enjoy a fantastic lineup of entertainment, starting with the Romanian dance group Fly Project and other celebrity stars that will get everyone in a festive mood. Then, on January 4th, Gipsy Kings ft Tonino Baliardo will bring their contagious energy to the stage to fill the night with joy and cheer. To conclude the festivities, Minelli, a Romanian singer-songwriter, and Dj Tarkan will take to the stage on J...

1Dec

By Africa BusinessNo Comments

Benin News, Business, Egypt News, Libya News, Main

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 reserve currency, and being the official or de facto primary currency in some 16 countries, the American dollar wields sizable influence on the global economy. Most African countries are still reeling from the effects of the pandemic and some are going through its aftershocks. High inflation pervades the continent. Sub-Saharan Africa, in particular, is experiencing severe inflationary pressure given its overwhelming reliance on imports fo...

30Oct

By Baker McKenzieNo Comments

Egypt News, Energy, Ghana News, Kenya News, Morocco News, Namibia News, Nigeria News, South Africa News, Tanzania News, Uganda News

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 Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...

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

20Oct

By Africa BusinessNo Comments

Egypt News, Morocco News, Startups

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, 4DX Ventures and Africa Platform Capital. MaxAB is working to change the food and grocery supply chain by connecting suppliers with traditional retailers who are underserved, and by offering a variety of embedded finance solutions. This support of the country's economic development has been successful since launching in 2018, with 150,000 unique traditional retailer orders being placed and 2.5 million orders delivered (with a high ...

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

16Jun

By Africa BusinessNo Comments

Africa Travel, Egypt News, Morocco News

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 source, has, as of Q1 2022, a record 42 global and regional (African) contributors, reporting on a pipeline of hotel development activity totalling around 80,300 rooms in 447 hotels, in 42 of Africa’s 54 countries. Looking first at the number of rooms physically under construction, Morocco and Egypt are ahead of the pack, with 5,577 and 6,142 rooms respectively. They are followed by: Ethiopia, 3,871; Cape Verde, 3,016; Nigeria, 2...