Prime Minister Sherif Ismail approved yesterday establishing the High Council for Tourism Promotion, which will be handling the government’s tourism promotions strategy. The council will be comprised of the ministers of tourism and civil aviation, as well as the governors of the Red Sea, Luxor, and South Sinai, Al Borsa reports. The council’s first order of business: reviewing the repercussions of increasing tourist visa prices — which would have been an excellent idea had it been formed before the decision to nearly double prices of entry visas was made.
More from Enterprise
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…