Old Cataract News Today

Step deeper into a story by staying in a hotel where an author you admired once lived and wrote.

On a sweltering late-summer evening last year in southern Egypt, the country’s most storied hotel was bustling once again, hosting personalities with ambitions of shaping the world. In the more than a century since it opened, Aswan’s Old Cataract, perched on a rocky outcrop on the Nile River’s eastern bank,…

(Bloomberg Markets) -- On a sweltering late-summer evening last year in southern Egypt, the country’s most storied hotel was bustling once again, hosting personalities with ambitions of shaping the world. In the more than a century since it opened, Aswan’s Old Cataract, perched on a rocky outcrop on the Nile River’s eastern bank, has welcomed the likes of Winston Churchill, Jimmy Carter and Tsar Nicholas II. For Agatha Christie, in whose former suite you can now stay for upw...

Amid biting austerity and rising inflation, the al-Sisi government is off-loading assets – some to a convicted murderer with Emirati cash

(Bloomberg) -- Egypt said it had agreed to sell $1.9 billion of state assets to local firms and a United Arab Emirates wealth fund, as it looks to send a clear signal of progress in efforts to revive an economy crippled by a foreign-currency crunch.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy FundsPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activi

Of the $1.9b, $1.65b are to be in foreign currency and the rest in Egyptian pounds

British multinational premium drinks giant Diageo has announced that its chief executive officer Sir Ivan Menezes has died following a brief illness. He was due to retire at the end of this month...

The Qatar Investment Authority (QIA) is in talks with The Sovereign Wealth Fund of Egypt (TSFE) about the deal, said two sources with knowledge of the matter, who declined to be named. The fund is considering acquiring a stake of up to 30% in the hotels, the sources said.

New openings, archeological anniversaries and the chance to see Luxor’s Avenue of Sphinxes make this a great time to visit the magical river

The country’s ancient wonders still hold us spellbound, but its pulsing, intense present is just as intoxicating