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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

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UAB net profit up by 50% for H1

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3,000 new rooms added to Egypt’s total hotel capacity, says tourism ministry

Hudini reports record business growth in 2022. (Representative pic)
  • Construction of 19 new hotel facilities in several governorates has led to the creation of these rooms.
  • According to tourism ministry officials, the new facilities have created 2,500 job opportunities.

Egypt has added 3,000 new hotel rooms to its total hotel capacity with the opening of 19 new hotel facilities, media reports said.

The country’s Ministry of Tourism and Antiquities said the hotels opened in the governorates of the Red Sea, South Sinai, Giza, Suez, Damietta, Mansoura and the North Coast as part of the ministry’s sustainable development strategy and the Egypt Vision 2030.

Both initiatives are aimed at raising the competitiveness of Egyptian tourist destinations and to encourage investment.

The new hotel facilities have created 2,500 new job opportunities, according to Mohamed Amer, Director General of the General Department of Control and Inspection of Hotel Establishments at the ministry.

Mohamed Hajjaj, Director General of the General Administration of Hotel Establishments Licensing at the ministry, said that four new hotel projects are scheduled to be opened during the next two months in the governorates of South Sinai, the Red Sea and Cairo, adding 600 hotel rooms to the total hotel capacity around the country, according to the reports.