Egypt tourism

Egypt: World Bank supports housing for low-income households with $500m

The World Bank has granted Egypt a $500 million additional financing destined to support ongoing efforts to improve the affordability of formal housing for low-income households, the Washington-based institution said in a statement. The financing also seeks to strengthen Egypt’s Social Housing and Mortgage Finance Fund capacity to design policies and coordinate social housing programs. […]

Egypt: Multiplied Travel Warnings Deal Hard Blow to Tourism

While the tourism sector in Egypt was hardly showing signs of recovery, terrorism once again touched this core of the Egyptian economy, with consequences likely to be catastrophic. Following the knife attack targeting tourists at the resort of Hurghada on the Red Sea, on July 14, the Egyptian government has strengthened security measures around major […]

Morocco’s King ‘Spoke with his heart to’ Africa, AU Chair

The newly elected Chairman of the African Union, Guinea’s President Alpha Condé welcomed the comeback of Morocco to the African organization and lauded Morocco’s speech, which, he said, “stems from the heart.” “The King spoke with his heart and will spare no effort to foster the continent’s independence,” said Alpha Condé in an address before […]