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Egyptian second-home market: a growing investment and lifestyle trend

Unlike other popular second-home destinations, such as the Seychelles, Morocco, Malta, France, and Spain, Egypt’s second-home market is not dependent on international investors and appeals primarily to Egyptians, as only 2% are foreign investors, according to global commercial real estate leader Colliers International. Colliers released its latest white paper, focusing on the Egyptian second-home market. …

Hisham Salah

Blue Sky Travel Agency loses quarter of its revenues in 2016

Hossam El-Shaer, chairperson of Blue Sky Travel Agency, said that the company’s revenues dropped by a quarter in 2016 compared to 2015. He attributed the fall to the low tourism inflow from Europe, following the tragic incident of the Metrojet Russian airliner crash at the end of October 2015. The incident has prompted Russia to …

Abdel Razek Al-Shuwekhi