Tag: Egypt

  • Egypt to launch cruise lines with Greece in latest efforts to revive tourism

    Egypt to launch cruise lines with Greece in latest efforts to revive tourism

    As part of the state’s continuous efforts to attract additional tourists and revive the country’s ailing tourism industry, Egypt’s Ministry of Tourism reached an agreement with Greece last week to launch cruise lines between the two countries, international relations advisor to the Tourism Minister Samy Mahmoud said.

    The trips will begin with medium-sized cruise ships carrying 700 to 800 passengers between Greece and Egypt, via Port Said and Alexandria. Further on, the ministry plans to begin using larger ships with a passenger capacity of 2,000 to 5,000 passengers by 2019, Mahmoud said.

    The effort marks the latest attempt by Egyptian authorities to kickstart a sector that has traditionally been a primary source of foreign currency, but which has struggled since the 2011 uprising that ousted president Hosni Mubarak.

    Currently, the top markets for Egypt are Europe, which constitutes 70 percent of tourism traffic, followed by the Arab nations constituting 26 percent, official statistics show.

    “We are promoting Egypt to all age groups with different packages to suit everyone. We have special products like the Nile cruise, history and culture for the elderly travelers; and many adventure activities for the youth. We also have programs that will suit families,” Mahmoud said in a phone interview on Thursday.

    As Egypt’s tourism industry was struggled to remain alive in the aftermath of the 2011 events, conditions took a turn for the worse after the suspected bombing of a Russian airplane in October 2015. The plane was carrying 224 people, all of whom died, and was en route to Russia from a Red Sea resort when the incident occurred.

    In April, Minister of Tourism Yehia Rashed said he’s stepping up tourism activities by lunching promotional campaigns and expanding into new markets for Ramadan, Eid and the summer vacations, with the goal of reviving visitor number.

    The tourism campaigns are scheduled to begin during the holy month of Ramadan, targeting Arab tourists from Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Lebanon and Jordan.

    Rashed said the Arab market represents one of the most significant markets exporting tourism to Egypt; because of the geographical proximity and the similarity of their language and traditions, Arabs feel like they’re in their second home when they’re in Egypt, he pointed out.

    In addition to more diverse tourism offerings, Egypt has also been planning to promote religious, medical and luxury trips, and develop new markets in India and Eastern Europe, as it pushes to resuscitate the tourism sector to pre-2011 levels within two years.

    “We have one direct flight which flies four times weekly from Mumbai. We also have several connecting flights from India as well. We are hoping for more direct flights from India connecting with 1 or 2 cities by December this year,” Egyptian Tourism Counselor – Regional Director India and Far East, Ismail Hamid Amer told the Hindustan Times, adding that Egypt is being promoted as a premium and exotic destination in India and is expected to reach the potential of 300,000 tourists by 2019.

    “It is likely for India to be among the top 10 source markets for Egypt in 2-3 years,” he said.

    Egypt has already seen a feeble reversal of the plunging trend it has endured for years, from tourism levels still as low as 5.4 million in 2016, according to government figures.

    But to bolster these improvements and step up an unrelenting recovery, officials plan further promotional programs far removed from the traditional offerings along the Red Sea resorts, or the antiquities for which Egypt is well-known off.

    “The final target is to get to the 2010 numbers,” Rashed recently told Bloomberg, referring to the more than 14 million visitors the country hosted in 2010, its peak year for tourism arrivals.

    “We should be able to get as close as possible to the target in the next 18 to 24 months.”

    Germany is the top growing market, followed by the Middle East, especially Saudi Arabia. There’s also been growth in tourists from China, Japan, the US and Ukraine.

    (www.egyptindependent.com)

  • Value of trade between Egypt, Greece drops to $1.3bn in 2016

    Value of trade between Egypt, Greece drops to $1.3bn in 2016

    Trade exchange between Egypt and Greece dropped 21.9% in 2016 to $1.3 billion from $1.7 billion in 2015, said chairman of the Greek side to the Egyptian-Greek business council Ioannis Yiotis.

    Yiotis was addressing the third forum of the council which was hosted by the Egyptian Businessmen Association on Wednesday.

    He asserted that both sides work on promoting economic relations, hailing ties as deeply-rooted at the political and economic levels.

    Also, Assistant Foreign Minister for European Affairs Basem Khalil lauded relations withGreece, saying that they reached an unprecedented stage in the past few years.

    He called on Egyptian and Greek businessmen to make use of the distinguished relations between the two countries.

    (www.sis.gov.eg)

  • Archaeologists uncover 17 mummies in Egyptian necropolis

    Archaeologists uncover 17 mummies in Egyptian necropolis

    An Egyptian archaeological mission has found a necropolis holding at least 17 mummies near the Nile Valley city of Minya, in the first such find in the area, the antiquities ministry said on Saturday.

    The discovery was made in the village of Tuna al-Gabal, a vast archaeological site on the edge of the western desert. The area hosts a large necropolis for thousands of mummified ibis and baboon birds as well as other animals. It also includes tombs and a funerary building.

    “It’s the first human necropolis to be found here in Tuna al-Gabal,” antiquities minister Khaled al-Anani told reporters at the site, 220 kilometres (135 miles) south of Cairo. The mummies were elaborately preserved, therefore likely belong to officials and priests, he said.

    The new discovery also includes six sarcophagi, two clay coffins, two papyri written in demotic script as well as a number of vessels, he said.

    The necropolis, which is eight metres below ground level, dates back to the late period of ancient Egypt and the Greco-Roman period, the minister noted.

    Pointing to the edges of the necropolis where legs and feet of other mummies could be seen, the minister said the find “will be much bigger,” as work is currently in only a preliminary stage.

    The discovery comes as Egypt struggles to revive its tourism sector, partially driven by antiquities sightseeing, which was hit hard by political turmoil since the 2011 uprising.

    (www.theguardian.com)

  • E-Khorda: An Opportunity for Egyptians to Make Gold from E-Waste

    E-Khorda: An Opportunity for Egyptians to Make Gold from E-Waste

    E-waste is one of the fastest growing wastes in the world. Communication and technological literacy is increasing, and access to electronics and electric appliances is rapidly growing, and consequently so is electronic waste. Material such as lead, cadmium, mercury, zinc, and many more, are all found in all electronic and electrical devices used daily in our lives, which turn into health and environmental hazards if not disposed of properly.

    E-Khorda, a project which forms part of the Sustainable Recycling Industries (SRI) Programme, is an electronic waste recycling entrepreneurship support program that aims to help build operational e-waste companies by end of 2017.

    Egypt is seen as a high potential market. According to a study conducted by the ‘Best of 2 Worlds Project’, between 2017 and 2025 up to nine tons of gold can be extracted from e-waste. “Other findings also revealed that up to 17.96 tons of silver can be extracted from end-of- live (EOL) mobile phones in 2025. An estimate of cumulative potential gold and silver in EOL desktop and notebook computers, is approximately 3.73 & 22.71 tons respectively in 2025”, stated Dr. Fathya Soliman, Senior Consultant of Centre for Environment and Development for the Arab Region and Europe (CEDARE).

    The program, E-Khorda, will offer 10-15 potential e-waste startups from Egypt 10 full day training sessions on business and technical topics such as business modeling, cash flow analysis and technology assessment. It will also provide 60 hours of individual technical consultancy sessions, and five business sessions related to finance, marketing and pitching through Startup Reactor Accelerator.

    The top three performing startups will be identified through a panel of experts and will continue to receive full acceleration benefits of Startup Reactor Accelerator by Innoventures. This includes office space, training, mentoring, marketing benefits, legal registration and investment opportunities for an additional six months. Successful startups will also get a chance to pitch in the event during the Global Entrepreneurship Week in November.

    The training and technical consultations will be provided by Chemonics Egypt Consultants and Cleantech Arabia in association with the Ministry of Trade and Industry. Meanwhile, the investment matching and workshops are provided by Innoventures’ Startup Reactor.

    Those who wish to take the opportunity to build a business that makes a difference should complete the online application before March 5.

    Cairo witnessed the launch of the SRI Project in July in Egypt as the result of the agreement signed between the Egyptian Government, represented by the MCIT, and the Swiss Government, represented by the Swiss Embassy in Cairo.

    The main goal of the project is to support the sustainable integration and participation of small and medium enterprises in the recycling of e-waste in Egypt. Non-hazardous resourceful management of secondary non-renewable resources will be optimized, and local capacity of formal and informal sectors will be improved, ensuring sustainable e-waste recycling and job creation.

    (egyptianstreets.com)