Tourism Ministry looking to amend terms of contract with JWT

The Tourism Development Authority has formed a legal committee to review a contract with JWT dating to 2015 to promote tourism in Egypt, Al Mal reported. The contract stipulated payments for activities including photoshoots and design work to be in USD-equivalent at the set FX rate of EGP 7.77 per USD 1 and did not take into account the drop in FX rates, sources told Al Mal.