First Independent Mena Newspaper
Egypt’s tourism industry Tuesday received another major blow as UK top airline British Airways (BA) announced it was suspending flights to Sharm el Sheikh indefinitely. The British carrier says the decision was made out of concern for the security of its customers. “The safety and security of our customers will always be our top priorities […]
Russian President Thursday said air traffic between Egypt and Russia will not resume unless Egyptian authorities agree to enhance security at airports. Russian authorities halted air links between Russian and Egypt in October after Russian Metrojet Flight, taking off from Egypt’s Sharm el-Sheikh airport was downed by IS local franchise in the Sinai. Egyptian authorities […]
The number of Russian tourists’ arrival in Egypt has dropped by 23.9% in 2015 compared with 2014 figures. “A total of 2.4 million Russian tourists visited Egypt in 2015, down from 3.1 million in 2014,” an official from the Egyptian Ministry of Tourism indicated Friday. “The sharp decrease is a direct fallout of the downing […]
As international tourism grew by 4.4 pc in 2015 to reach a record of 1.2 billion arrivals, the number of foreign tourists dropped by 8 pc in parts of North Africa due to terrorism threats, according to latest figures released by the World Tourism Organization (WTO). Egyptian resort Sharm el-Sheikh in Egypt, where a Russian […]
The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in order to support its weak budget suffering from lack of foreign assistance and a huge domestic debt, reports say. The IFM according to reports has approved the first $1 billion […]
Egyptian aviation authorities announced Monday resumption of Russian flights to Cairo after Russian authorities banned flights to Egypt initially for many months. UK is to follow suit. Russian authorities have lifted the ban after the Egyptian authorities have produced security guarantees at Cairo international airport to sooth Russian fears for security lax which according to […]
A Russian inter-government aviation official Sunday rejected the IS group’s claims it brought down the Russian passenger plane which crashed Saturday in Sinai leaving all its 224 passengers dead. Viktor Sorochenko, director of the Intergovernmental Aviation Committee, pointed out that the plane disintegrated in air before coming down. He told a Russian TV station it […]
Clashes between supporters of the Muslim Brotherhood and security forces after the prayers of Eid al-fitr have left six people dead and at least 15 people arrested. Supporters of the banned organization assembled in the Talbiya and Nahia, neighborhoods of Giza which is part of greater Cairo, to stage a march but their project was […]
The African Export-Import Bank (Afreximbank) has agreed to extend Egypt a $ 500 million credit line to support its trade projects and exports to other African countries. The deal was confirmed by the Egyptian Trade Minister Mounir Fakhry Abdel-Nour on the sidelines of the economic summit held earlier this week in the resort of Sharm […]
The influx of tourists to Egypt has been declining since 2011 but the country continues to register a significant increase of visitors coming from the United Arab Emirates (UAE). The Red sea resorts of Sharm El Sheikh and Hurghada are the most preferable destinations. Egyptian authorities have been doubling their efforts to attract visitors but […]