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Egypt in the News on 31 January 2021
The 10th anniversary of the Arab Spring is getting digital ink in the foreign press: A Bloomberg opinion piece by…
Tourism losses piling up
Egypt has foregone USD 14 bn in foreign currency revenue thanks to the pandemic wreaking havoc on tourism, Finance Minister…
Second wave ebbing + vaccine rollout gathering a bit of steam
Egypt will receive its first shipment of the Oxford-AstraZeneca vaccine today, a top Health Ministry agency said yesterday. The announcement…
Tourism companies get legislative boost with new amendments
Proposed amendments to the Tourism Licensing Act are now out for public consultations, with Tourism Minister Khaled El Enany meeting…
Egypt’s GDP to grow 2.8% this FY + IMF is out with a more optimistic global forecast
Egypt’s economy will grow at a 2.8% clip in FY2020-2021, according to a Reuterspoll of economists. This is a downwards…
Also on our radar on 26 January 2021
An EGP 13 bn revamp at state-owned Egyptalum will see the state-owned company upgrade its equipment to newer, more energy-efficient…
Also on our radar on 24 January 2020
Some 1.4 mn tourists visited Egypt between the resumption of international flights on 1 July and the end of the…
Slow tourism recovery will weigh on GDP this year, but we’ll bounce back
Egypt’s economy will grow 2.4% this fiscal year “amid sluggish global tourism recovery and weak domestic demand,” but will accelerate…
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