Tag: tourismhome

  • EgyptAir partners with Rixos Seagate for Saudi travel agents

    EgyptAir partners with Rixos Seagate for Saudi travel agents

    EgyptAir has collaborated with Rixos Seagate, the international Luxury Lifestyle resort, for top-level managers from Saudi travel agencies to visit the beautiful ultra-all-inclusive resort by the majestic shores of the Red Sea. The fam trip aimed to enlighten the agents with a comprehensive overview and understanding of the destination, which is located within proximity to […]

  • Thomas Cook owes EGP 125m to Egypt’s Blue Sky Group

    Thomas Cook owes EGP 125m to Egypt’s Blue Sky Group

    UK tour operator Thomas Cook owes the Egyptian travel operator Blue Sky Group an amount of EGP 125 million ($7.7 million), Blue Sky Group’s chairman Hossam El Shaer told Reuters. Blue Sky Group has earlier announced the cancellation of about 25,000 reservations booked up to April 2020, following the collapse of the British tourism agency […]

  • Remco targets EGP 1bn contractual sales in 2019

    Remco targets EGP 1bn contractual sales in 2019

    Remco for Tourism Villages Construction aims to achieve real estate contractual sales of EGP 1 billion in 2019. Sales will be generated from a host of projects, mainly its project in the New Administrative Capital and Stella Sokhna 2 previously revealed in 2017 and 2018, the company said in a statement to the Egyptian Exchange […]

  • Egyptian Resorts unveils EGP 444.4m development

    Egyptian Resorts unveils EGP 444.4m development

    Egyptian Resorts Co announced that its board of directors has approved to launch of its latest project, 270, at a total cost of EGP 444.4 million. The new development is set to span 44.54 square metres with a built-up area (BUA) extending over approximately 35,000 square metres, Egyptian Resorts said in a statement to the […]

  • UAE’s DAE receives mandate to manage $1.4bn aircraft

    UAE’s DAE receives mandate to manage $1.4bn aircraft

    Dubai Aerospace Enterprise (DAE) Ltd on Monday announced that it has received an investment mandate worth $1.4 billion from one of the largest fund managers in the world to source and manage aircraft. The assets will be acquired by DAE and managed by DAE’s Aircraft Investor Services (AIS) platform on behalf of the investor, according […]

  • Kuwait’s Jazeera Airways show high performance in August

    Kuwait’s Jazeera Airways show high performance in August

    Kuwait’s low-cost airline Jazeera Airways has announced an on-time performance of 85% during August 2019, with an aircraft utilisation rate of 14.38 hours. Last month, the airline received more than 263,800 passengers in 1,918 flights, according to a statement released on Tuesday. “A high on-time performance is easily reached when an airline has low utilisation […]

  • UAE’s SCTDA to organise roadshows in China next September

    UAE’s SCTDA to organise roadshows in China next September

    The Sharjah Commerce and Tourism Development Authority (SCTDA) on Sunday announced that it will organise roadshows in three Chinese cities as part of the Sharjah Tourism Vision 2021. The roadshows will be held in Beijing, Chengdu, and Shanghai in September 2019, according to a press release. The campaign will run from 16 to 20 September […]

  • UAE’s Rotana opens Bosnia’s first-ever branded hotel apartments

    UAE’s Rotana opens Bosnia’s first-ever branded hotel apartments

    Abu Dhabi-based Rotana Hotels, a leading hotel management company in the Middle East, Africa, Eastern Europe, and Turkey, on Tuesday announced it has opened its first hotel in Bosnia and Herzegovina, Bosmal Arjaan by Rotana. Bosmal Arjaan by Rotana, Bosnia and Herzegovina’s first-ever branded hotel apartments, features 132 fully serviced one-, two-, and three-bedroom high-end […]

  • Aleph Hospitality to manage new Marriott’s Portea Hotels in Kenya

    Aleph Hospitality to manage new Marriott’s Portea Hotels in Kenya

    Dubai-based Aleph Hospitality entered into a franchise deal for Marriott’s new Protea Hotel in Kenya, according to the hospitality management company’s statement on Tuesday. Under the agreement, Aleph will manage Bluewater Hotels’ newly-established property under the global hotelier’s Protea Hotels brand. “As the hotel owner, we benefit from the reputation and distribution of a major […]

  • ElShams Pyramids okays capital hike by $5M

    ElShams Pyramids okays capital hike by $5M

    ElShams Pyramids For Hotels & Touristic Projects’ (SPHT) Board of Director approved a capital hike from USD 47 million to USD 52 million with increase value amounting to USD 5 million. The board approved the invitation of the shareholders to subscr5ibe to 5 million shares of USD 1 per share without issuance expenses. -Arab Finance