June 11th, 2019 | 0 commentsEgyptAir Holding Company is expected to post additional profits of up to EGP 2.5 billion during the period from 2019 to 2022 after restructuring the air carrier and its subsidiaries, Egypt’s civil aviation minister said. Egypt’s flagship airline has adopted a long-term strategy for the period between 2018 and 2022 to increase return on in...
May 28th, 2019 | 0 commentsMariout Hills Group announced the launch of a tourism project in the sustainable eco-city in the North Coast with investments worth EGP 300 million. The project comprises 200 hotel houses, 70% of which are planned to be dedicated to European tourists and 30% to Egyptian visitors, the company said in a statement on Sunday. A total of 100 h...
May 22nd, 2019 | 0 commentsEtihad Airways, the national airline of the UAE, has been awarded “Best First Class” by Condé Nast Traveller China in the publication’s “Gold List 2018”, announced at an award ceremony at Songtsam Linka Shangri-La in Yunnan Province, China. It is the third consecutive year Etihad has been selected as a “Gold List” winner. Robin Kamark, ch...
May 15th, 2019 | 0 commentsDXB Entertainments on Tuesday announced it has recorded an AED 142 million in revenues for the first quarter of 2019, down 18% year-on-year from AED 173 million. The company has reported an average hotel occupancy of 72% at Lapita Hotel in Q1-19, versus 62% in the year-ago period, the Dubai-based company said in a statement. Additionally...
April 23rd, 2019 | 0 commentsEmirates revealed that it has signed a codeshare agreement with Indian carrier SpiceJet, the Dubai-based airline said in a statement. Accordingly, new routes and destinations will be opened before passengers travelling between India and popular destinations across Africa, America, Europe and the Middle East, Emirates, the world's largest...
March 26th, 2019 | 0 commentsSaudi Arabia is gearing up for the launch of the Global Aviation Summit, which will take place from April 1-2 at the Ritz Carlton Hotel in Riyadh. The summit, which will be held under the patronage of King Salman, will highlight the pivotal role the kingdom plays in the air transport industry, both at a regional and international level. T...
March 20th, 2019 | 0 commentsAmer Group (AMER) replied on Egyptian Stock Exchange (EGX) inquiries regarding what was posted in a news website titling Amer Group wins project of Ras Gamela Land located in Sharm El Sheikh from Holding Co. For Tourism, Hotels & Cinema with EGP 3 billion. The Company stated that one of its subsidiaries presented the highest price but...
February 15th, 2019 | 0 commentsTransOceans Tours (TRTO) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018. The company posted net profits of LE1,929,164, versus net profits of LE1,334,360 in the same period a year ago. -Arab Finance
February 14th, 2019 | 0 commentsAir Arabia has reported a net profit of AED 26 million during the fourth quarter of 2018. The UAE-based carrier’s revenue rose 20% year-on-year to AED 858 million in Q4-18, according to the Emirates News Agency (WAM). “Air Arabia’s fourth quarter and full year results remain fundamentally strong. Driven by the carrier’s network expansion...
February 12th, 2019 | 0 commentsEtihad Airways Engineering on Monday announced that it has signed a memorandum of understanding (MoU) with TARMAC Aerosave, an industrial group specialising in aircraft maintenance, storage and recycling. Under the deal, both companies will identify and jointly pursue opportunities to develop, explore, support and extend Part 145 maintena...
