Topics: Egypt

Egypt Passes Landmark Law Allowing Foreigners to Own Residential Real Estate

In a groundbreaking move, Egypt has recently passed a law that grants foreigners the right to own residential real estate in the country without any restrictions.

In a groundbreaking move, Egypt has recently passed a law that grants foreigners the right to own residential real estate in the country without any restrictions.

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Qatar negotiates with Egypt to buy shares in 7 state-owned hotels

The Qatar Investment Fund (QIA) is reportedly in discussions with Egypt to purchase a 30% stake in seven state-owned hotels, according to regional media.

The Qatar Investment Fund (QIA) is reportedly in discussions with Egypt to purchase a 30% stake in seven state-owned hotels, according to regional media.

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Egypt denies rumor about selling EgyptAir

On January 27, Egyptian government issued a statement denying previous information that it was planning to sell the national airline EgyptAir.

On January 27, Egyptian government issued a statement denying previous information that it was planning to sell the national airline EgyptAir.

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SCZONE ATTRACTS TOTAL INVESTMENTS OF $18B

The Suez Canal Economic Zone (SCZONE) has attracted total investments up to 18 billion USD, with contracts totaling $10 billion in progress after post-signing.

The Suez Canal Economic Zone (SCZONE) has attracted total investments up to 18 billion USD, with contracts totaling $10 billion in progress after post-signing.

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Egypt is expected to become Africa's E-Commerce hub

After strongly breaking through and recording a revenue of 100 billion USD in 2021, Egypt's e-commerce is forecast to reach a growth rate of 30% by the end of 2022.

After strongly breaking through and recording a revenue of 100 billion USD in 2021, Egypt\'s e-commerce is forecast to reach a growth rate of 30% by the end of 2022.

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Egypt and Russia increase flights to meet increasing travel demand

From September 21, Russia and Egypt start increasing the number of flights between Moscow, Russia and the resorts of Sharm El-Sheikh and Hurghada located in the Red Sea of ​​Egypt.  

From September 21, Russia and Egypt start increasing the number of flights between Moscow, Russia and the resorts of Sharm El-Sheikh and Hurghada located in the Red Sea of ​​Egypt.  

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Egypt unearthed about 100 coffins containing over 2,500 years mummies

Egyptian antiquities officials announced that at least 100 ancient coffins have been unearthed, including many coffins containing mummies and about 40 gilded statues at the site dubbed the "dead city of Pharaohs".  

Egyptian antiquities officials announced that at least 100 ancient coffins have been unearthed, including many coffins containing mummies and about 40 gilded statues at the site dubbed the "dead city of Pharaohs".  

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Rescue the Red Sea

With the intention of protecting the Red Sea's diverse marine life and preserving unique diving sites for future generations, Egyptian conservationists have launched a campaign to ban single-use plastics in the area last year.

With the intention of protecting the Red Sea\'s diverse marine life and preserving unique diving sites for future generations, Egyptian conservationists have launched a campaign to ban single-use plastics in the area last year.

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