Νέα
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Egypt sets up new fund to revive tourism industry
The new fund, which was announced by the Central Bank of Egypt (CBE) on Dec. 26, would finance maintenance and upgrades at hotels, tourist resorts and other tourism facilities with an interest rate of 10%. The CBE also decided to extend the grace period for tourism investors to pay their debts until 2018. Funds would…
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On Cue With Elon Musk, A Solar Power Company Blooms In The Egyptian Desert
Smart entrepreneurs will get ahead of that curve. In Cairo, I met the CEO and chief architect of a company, Karm Solar, that has been in the forefront of solar since 2011 — back when solar was in the doldrums. I first read about Karm Solar in Startup Rising, a book by U.S.-based venture investor Christopher…
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Critical film unnerves Egypt’s religious scholars
The film, called “Mawlana” (“Preacher”), has been screened at cinemas nationwide since Jan. 4. It has stirred up controversy among Islamic scholars who accuse its makers of tarnishing their reputation and call for it to be pulled from theaters. “Works that address religious texts should be reviewed by religious institutions before being made into films,”Shoukri…
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Egyptian museums achieve revenues of EGP 45m in 2016
According to a statement by the ministry’s museums division, the museums achieved the highest revenues in December, recording EGP 6.8m with 117,000 visitors, while the lowest revenue reached was $1.7m in June with 21,800 visitors. Minister of Antiquities Khaled El-Anany told Daily News Egypt that the number of visits of museums and archaeological sites has…