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)

  • New Pyramid Discovered in Egypt

    New Pyramid Discovered in Egypt

    After thousands of years, researchers are still making incredible finds in Egypt (case in point, the giant statue unearthed in Cairo last month). Now, researchers have made another big find: earlier this week the Egyptian Ministry of Antiquities announced that a team of their archaeologists discovered the remains of pyramid dating back to the 13th Dynasty, which ruled about 3,700 years ago reports the Associated Press. The only problem is that an inscription indicates that the pyramid may have been built for a ruler that already has a pyramid next door.

    The Egypt Independent reports that the remains were uncovered at the Dahshur Necropolis, an area about 25 miles south of Cairo on the west bank of the Nile. That area is home to what is considered to be some of the earliest pyramids including Sneferu’s Bent Pyramid and Red Pyramid.

    While the pyramid-shaped upper section is gone, the substructure still remains. “The uncovered remains of the pyramid represents a part of its inner structure, which is composed of a corridor leading to the inner side of the pyramid and a hall, which leads to a southern ramp and a room to the western end,” Adel Okasha, the director general of the Dahshur Necropolis says in a statement, reports Owen Jarus at LiveScience.

    Though the writing on the slab has not been translated by the Antiquities Ministry, Jarus shared images of the hieroglyphics with Egyptologists. He reports that two have said the writing is a religious text often used inside pyramids, and that the text appears to include the name of the pharaoh Ameny Qemau, the fifth king of Dynasty XIII, who briefly ruled around 1790 B.C.

    That raises some questions, however, since Ameny Qemau’s pyramid was discovered in Dahshur in 1957, Aidan Dodson, a research fellow at the University of Bristol who has written about artifacts from that earlier pyramid, tells Jarus. He suggests one possibility for the discrepancy is that Qemau may have hacked out the name of a predecessor king and inserted his own name. That practice was common in the ancient world when a new ruler wanted to bury the memory of an enemy or unpopular ruler. 

    The AP reports that the Ministry of Antiquities plans to continue excavations and hope to find more evidence of which ruler or high-ranking official the pyramid belonged to.
    (www.smithsonianmag.com)

  • 6 archeological missions to resume underwater excavations in Egypt

    6 archeological missions to resume underwater excavations in Egypt

    Six local and international excavation missions have obtained the necessary approvals to resume their underwater archeological excavations for antiquities along the shores of Alexandria and Red Sea governorates, according to the Department of Underwater Antiquities in the Ministry of Antiquities.

    The head of the department, Mohamed Abdel Maguid, said the missions submitted their papers for approval in December in an effort to be ready before April. Only two of the six missions will resume work next month, he added.

    The first of these two missions is the French Le Centre d’études Alexandrines (CEAlex), headed by Isabelle Hairy. This mission will complete its work in Fort Qaitbay by May 20. The second is the Egyptian mission which will work along Red Sea coasts from April 15 until May 7, headed by Mohamed Mostafa.

    Maguid said the other four missions have asked for the commencement of their work to be delayed until fall. These include Frank Goddio with the European Institute of Underwater Antiquities in France; Harry E. Tzalas with the Institute of Hellenic Underwater Archaeology in Greece; Galina A. Belova with the Russian Institute for Archaeology and Egyptology Studies; and Paolo Gallo with Turin University in Italy.

    (www.egyptindependent.com)

  • EBRD is studying financing five feed-in tariff projects in its 2nd phase

    EBRD is studying financing five feed-in tariff projects in its 2nd phase

    Janet Heckman, managing director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), said that the bank is currently studying to finance five projects in the second phase of the feed-in tariff projects starting from the second half of this year.

    Heckman told Daily News Egypt that the bank refused to finance the first phase of the feed-in tariff projects due to the domestic arbitration clause, as they wished it to be outside Egypt.

    According to Heckman, EBRD is planning to inject investments worth €1bn in Egypt during the current year.

    She explained that most of the investments will be allocated to small and medium-sized enterprises (SMEs), as well as the private sector projects and the new and renewable energy projects.

    She said that the SME financing portfolio at the bank in Egypt recorded $410bn for 5 local banks, of which $150m have been signed last year.

    She added that the bank is currently studying with a number of Egyptian banks to provide financing lines for SMEs and trade operations.

    Heckman believes that the economic reforms applied by Egypt, including the flotation of the pound, support the competitiveness of Egyptian exports and attract foreign investments.

    Heckman expected that the Egyptian economy will grow by 4% this year, which is the same growth ratio as last year. The bank has invested €700m over the past year.

    (www.dailynewsegypt.com)

  • Egypt, Russia to finalise contracts for Dabaa nuclear plant within two months

    Egypt, Russia to finalise contracts for Dabaa nuclear plant within two months

    The government is set to complete the agreement on two contracts with Russia regarding the Dabaa nuclear power plant within two months. The two contracts include provisions on technical support, operation, maintenance, and fuel depots.

    Government sources said that Egyptian and Russian officials are meeting daily, in presence of the technical advisor for the project, WorleyParsons, and the legal adviser, Shearman & Sterling, to finalise the rest of the contracts.

    The sources added that the two parties expect the contracts to be ready within two months. After the draft is completed, the contract will be sent to the State Council for approval.

    The commercial contract between Egypt and Russia to establish, supply, and operate the Dabaa nuclear plant includes four agreements: the main establishment, fuel supply, technical support during operation, and establishing storage for consumer fuel.

    Following the State Council’s approval, the Egyptian presidency will organise an inauguration ceremony attended by President Abdel Fattah Al-Sisi and Russian president Vladimir Putin. This is expected to take place in June, according to the sources.

    They furthermore said that talks and consultations are ongoing regarding the spare parts of the plant and the details of their shipment, next to penalties for non-compliance regarding timely payment of instalments.

    The sources added that the discussions with the Russian side are very clear and that both parties share the same concept, which is to reach the best technical, financial, and legal solutions in the contract to avoid future problems.

    Egypt signed an agreement with Russia to establish a nuclear power plant in Dabaa with a capacity of 4,800MW for $30bn.

    Russia will provide a government loan of $25bn to finance equipment and services for construction and operation.

    The loan is used to finance 85% of the value of each contract to implement works, services, and shipments of the project. The Egyptian side will pay the remaining amount, representing 15% in the form of instalments. The amount will be paid for the benefit of the authorised Russian institutions in a way that suits the contracts, in the form of an advance or any payment that is made later after implementing works and services and delivering supplies. The term of the loan is 13 years over the period from 2016 until 2028, at a 3% annual interest rate.

    (www.dailynewsegypt.com)

  • Egypt, EU launch new phase of strategic partnership: Foreign ministry

    Egypt, EU launch new phase of strategic partnership: Foreign ministry

    The Egyptian foreign minister’s visit to Brussels has launched a new phase of strategic partnership between Egypt and the European Union, paving the way for an EU-Egypt association agreement in the upcoming period, the ministry said on Tuesday.

    The agreement — which has been under negotiation since February 2016 — would frame the country’s relationship with European institutions over the next three years.

    In an official statement, foreign ministry spokesperson Ahmed Abu Zeid said Foreign Minister Sameh Shoukry and his European counterparts have compiled a document of each side’s priorities, to guide further negotiations on the agreement.

    On his visit, Shoukry met with 28 European foreign ministers, making it “the first meeting of its kind with a non-EU minister this year,” the statement read.

    The meetings tackled EU-Egyptian relations. Shoukry discussed ways the EU could support Egypt economically and politically, given that the country’s stability is an essential European interest, the statement read.

    Shoukry also discussed economic, social and political developments in Egypt and the challenges the country faces in each of these sectors.

    “Egyptian national institutions bear the responsibility of safeguarding human rights in Egypt,” Shoukry told his EU counterparts, according to the statement, adding that “human rights include social and economic rights; they are not restricted to political rights.”

    The minister arrived in Brussels Sunday for an official visit, on which he met with EU officials including the High Representative of the European Union for Foreign Affairs and Security Policy, the Vice President of the European Commission and the EU Commissioner for Home and Migration Affairs, along with the foreign ministers of 28 EU countries.

    “The visit was successful because Egyptian diplomats built a bloc of Egypt supporters within the EU, represented by countries that have made remarkable progress in cooperation with Egypt such as Greece, Cyprus, and Hungary,” the statement read.

    At a meeting with the EU Commissioner for Home and Migration Affairs and the German and Austrian foreign ministers in Brussels, Shoukry reiterated Cairo’s refusal to establish camps to house irregular migrants attempting to travel to Europe, saying “refugees and migrants live freely and enjoy the services provided to Egyptian citizens.”

    During his visit, Egypt’s FM also met with Jens Stoltenberg, Secretary General of NATO, to discuss political and security challenges in the Middle East.

    An EU delegation is set to visit Egypt mid-March to continue talks on the association agreement.

    During negotiations, Cairo has assured the EU that the agreement would be based on Egypt’s 2030 development plan.  

    (english.ahram.org.eg)

  • Dahab’s Underwater Museum: a Kiss of Life to the Red Sea Ecosystem

    Dahab’s Underwater Museum: a Kiss of Life to the Red Sea Ecosystem

    When the IDive Tribe started an underwater museum in Sinai’s Dahab four years ago, people thought they were insane. Now, the team of divers is planning their second museum in Hurghada.

    February witnessed the latest addition to the museum: a statue to honor the Egyptian diver and holder of the world record of the deepest dive, Ahmed Gabr.

    The new statue looks like the Oscar’s statue, which in turn resembles the Ancient Egyptian God Petah. The idea and the execution are of the artist and assistant lecturer at the University of Arts in Luxor, Hamed Mohamed. The statue is made up of 100 pieces of granite.

    Aiming to help in conservation of the Red Sea coral reefs through decreasing the pressure on them by creating alternative dive sites, each statue is unique in its own way.

    “The gallery consists of several artworks statues made by Egyptian hands and representing our culture,” said IDive founder Abdelrahman Elmekkawi.

    Additionally, the museum serves as a new home for coral reefs. With rising global temperatures and the damage of human activity, coral reefs worldwide are in danger. The divers hope to “plant” the sea, with every centimeter needing at least ten years for growth.

    The location of the museum is strategic, explains Elmekkawi. Scientists expect that in 70 years, most of the coral reefs all over the world will die,  except those inhibiting the Red Sea and the Arab Sea due to class C and D zooxanthellae temperature resistance (above 30 degrees). This makes the region a donor site for the regeneration all over the world seas

    The first phase of the museum placed three statues – a donkey-shaped table and two chairs – at the Magra Al Seil area. A year later, an additional three statues were located near the lighthouse: statues of the Gods Horus and Bess, and a life-size elephant sculpture, weighing almost a ton, constructed from metal junk by Mohamed and a student of his.

    The costs of the statues were raised from the group’s personal money, and 150 IDive members contributed volunteer work.

    The next planned statue will be a ten meter pyramid, which divers can enter. Hamed plans to make drawings on one of the sides, while the artwork done on the other sides would involve international collaboration through inviting 50 art schools from around the world to take part of the project.

    In addition to the Dahab underwater museum, the pyramid might start a new conservation and attraction sight in Hurghada.

    (egyptianstreets.com)