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Tourism Assistance Fund aiming for 25% annual returns: Investment manager

Egypt’s Tourism Assistance Fund is looking for annual returns of 25% on investments, or $250m in the first phase of underwriting, according to Amr Askar, investment manager at Cairo Financial Holding. The first phase will take place directly after the Egyptian Financial Supervisory Authority (EFSA) adopts the prospectus. Askar added in a statement to Al-Borsa …

Daily News Egypt


Sculpted in the Sun: Bahariya’s Black and White Deserts

Our mini-bus pulled into the driveway of the Shams City lodge and hotel in the Bahariya Oasis and having left Cairo early the same morning it took us a moment to adjust to our surroundings. The rounded roofs of the rooms were surrounded by tall palm trees and as we gazed around and unloaded our …

Joel Gulhane