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Signs of rebound in Egypt’s tourism sector

By Robert Tashima The government in Egypt is expecting a recovery of its tourism sector by next year after the latest data showed the tide may be turning for an industry hit hard by domestic instability over the past three years. With Egypt’s recent period of relative calm following the May election of President Abdel Fattah …

Daily News Egypt

Egypt and its FDI prospects

By Omar El-Shenety No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record levels. Tourism and Foreign Direct Investment (FDI), key sources for foreign …

Daily News Egypt

Euromoney Conference: Egypt eyes more southeast Asian, Gulf tourists

The Egyptian Tourist Authority (ETA) seeks to attract more tourists from Asian and the GCC (Gulf Cooperation Council) as visitors from these countries have largely stayed away since the 25 January Revolution due to political unrest. The authority will focus on Chinese and Indian markets as they represent two of the world’s fastest growing economies. …

Daily News Egypt