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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 upwards of $8,000 a nigh
Israeli Prime Minister Benjamin Netanyahu acknowledged that Israeli forces carried out the strike that killed seven aid workers in Gaza
In power for the past decade, the 69-year-old former army chief is now set to remain the head of state until 2030.
Egypt's President Abdel Fattah al-Sisi begins his third term this week buoyed by massive fresh financing, but experts say the road out of economic crisis will still be long and arduous.Within weeks, the United Arab Emirates announced a $35-billion land development deal for Egypt's Ras al-Hikma, the International Monetary Fund more than doubled a $3-billion loan, and the World Bank and European Union inked fresh financing agreements.