Abu Soma eyes EGP 600mn sales from Soma Bay’s housing units in 2019
Egypt’s Abu Soma Development says it targets contractual sales up to 600 million Egyptian pounds ($34 million) from…
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Red Sea
Egypt’s Abu Soma to invest $28.4mn in Soma Bay Resort in 2019
Egypt’s Abu Soma Development says it plans to pump investments worth 500 million Egyptian pounds ($28.4 million) in…
Egypt to launches first oil, gas exploration bid in Red Sea
Egypt will launch the first international tender for oil and gas exploration in the Red Sea next month, a petroleum…
Egypt to launch first oil drilling auction in Red Sea before 2018-end – minister
Egypt will launch its first auction for oil and gas drilling in the Red Sea before the end of this year, its oil…
Kremlin to discuss resumption of flights from Russia to Egypt’s Red Sea
Russia’s President Vladimir Putin and his Egyptian counterpart Abdel Fattah al-Sisi will discuss the resumption of…
Egypt, Italy to establish integrated city for marble industry in Galala
Egypt's President Abdel Fattah al-Sisi on Saturday agreed with the CEO of the Italian Pedrini company to establish…
Annual meetings of WB, IMF African caucuses conclude in Egypt
The annual meetings of the African caucuses for the World Bank (WB) and the International Monetary Fund (IMF)…
300,000 tourists visit Egypt’s Red Sea in June
About 387,000 foreign tourist and Egyptians visited the Egyptian governorate of Red Sea in June, including 300,000…
Egypt’s Orascom Development launches Makadi Heights in Red Sea
Egypt's Orascom Development launched the Makadi Heights project on the Red Sea governorate’s Makadi Bay, on an area…
Diving, marine, shipping activities resume in Egypt’s Red Sea as weather improves
Diving and marine activities in Egypt's Red Sea cities resumed on Friday after weather improved. The activities has…