How Russian tourism turned into a political pressure point: The past year and a half of Egypt’s efforts to fulfill Russia’s demands to resume flights have made it clear that Russia is not actually concerned with Egypt’s airport security and is using its tourism as leverage to pursue its political agenda, Youssef El Oumy says in a column penned for Al Masry Al Youm. Russia’s position of strength is a result of Egypt’s past reliance on a small number of countries for the majority of its tourism inflows. El Oumy says industry players are stressing the importance of diversifying their inbound markets with a view to ensuring that no single country accounts for more than 10% of our tourism inflows.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…