Hajj prices have risen by 80% compared to last year on the back of the float of the EGP, the Tourism Ministry says, Ahram Gate reports. A five-star program starts at EGP 100k, a four-star program is EGP 74k, an economy tier starts at EGP 49k, and the cheapest hajj by bus now costs EGP 50k. We had noted demand for hajj in Egypt is expected to fall by 30-40% y-o-y due to high prices.
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…