Business Egypt Headlines

Egypt Sovereign Fund unveils plans to establish 2,600 new hotel rooms in downtown Cairo

Ayman Soliman, Chief Executive Officer of the Sovereign Fund of Egypt (SFE) unveiled plans for upgrading downtown Cairo and the Ministries Square, including the establishment of 2,600 hotel rooms, the development of 15,000 square meters of green spaces, and the revitalization of historical buildings, Ahram Online reported Thursday. Soliman speaking at a meeting of the […]

Business Emerging Markets Headlines Morocco

Marrakech, top trending destination in 2024- Airbnb says

Marrakech was ranked among the World’s top trending destinations in 2024 for vacation, rental platform Airbnb said. The Red city, known for its well-preserved centuries-old monuments and vibrant nightlife, was ranked 6th among 24 most attractive cities to visit this year, Airbnb said in a recent report. The ranking evidences the city’s resilience a few […]

Business Emerging Markets

Tourism: Morocco breaks 2019 record, attracts 13.2 million tourists up to Nov

Morocco has already broken 2019 tourist arrival record with 13.2 million visitors, despite challenges to the sector from external shocks and the earthquake, tourism ministry said. Morocco is poised to attract 14 million by year’s end thanks to the resilience of the sector and the attractiveness of Morocco’s offer. “These records unveiled by the ministry […]

Egypt Headlines

Egypt to set up yacht manufacturing company as part of yacht tourism promotion

Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. Per the State-run media, the future company will manufacture, maintain, and export yachts and maritime units. The Suez Canal for Modern Boats will have a value of $5.1 million. It […]

Business Emerging Markets Headlines Morocco

Morocco to break new tourist arrival record in 2023

Morocco is poised to attract at least 14 million tourists this year, breaking 2019 arrival record of 13 million, tourist minister Fatima Zahra Ammor said. The earthquake and the war in Gaza has prompted some tourists from emerging markets to cancel their bookings, she told Medias24, but arrivals from the European main tourist emitting markets […]

Business Emerging Markets Headlines Morocco

Morocco, 5th global destination in 2024 – Lonely Planet

The Australian travel guide book publisher Lonely Planet has ranked the kingdom of Morocco fifth of its top 10 destinations for the year 2024. The publisher, one of the leading around the world, depicts the North African country as a dazzling destination with epic mountains, sweeping deserts and ancient cities, a country which greets travelers […]

Culture Headlines Lifestyle

Nollywood: Nigeria’s ambitious $100m film city project launched in Lagos

Lagos State Governor on Wednesday (18 October) initiated the commencement of an ambitious $100 million Lagos Film City project, which aspires to transform the landscape of Nigeria’s entertainment industry. Presiding over the groundbreaking ceremony for the Film City, Governor Babajide Sanwo-Olu said the proposed project would amplify the voices of the country’s diverse communities and […]

Business Headlines Tunisia

Tunisia unveils new measure to boost tourism

Tunisian Tourism Minister, Mohamed El Moez Belhassine, has presented a set of new measures to promote the North African country’s destination. In an interview with State-run news agency TAP, Belhassine indicated that his ministry and stakeholders of the sector have decided to create a “Higher Council of Tourism” that will play a coordination mechanism role […]

Business Emerging Markets Headlines

Wife of Saudi King picks Morocco for vacation

Princess Fahda, wife of Saudi Arabia’s King Salman and mother of Crown Prince Mohammed Bin Salman is spending her vacation in the northern Moroccan city of Tangier. The Saudi Princess was accompanied by a large delegation including other princes and princesses, Saudi Royal palace officials and other dignitaries, according to le360 news website. Morocco has […]

Business Tunisia

Tunisia clocks 5 million tourists this year, hitting record

As many as 5 million tourists have so far visited Tunisia this year, Tourism Minister Mohamed Moez Belhassine announced Saturday August 5, with the figures representing 70 per cent increase compared to same period in 2022. The visits generated TND3.3 million ($1 billion) as of July, accounting for 55 per cent increase compared to last […]