{"id":581824,"date":"2023-02-26T00:00:00","date_gmt":"2023-02-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/"},"modified":"2023-02-26T00:00:00","modified_gmt":"2023-02-26T00:00:00","slug":"weaker-egp-could-lure-british-tourists","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/","title":{"rendered":"Weaker EGP could lure British tourists"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This morning in the foreign press: EGP devaluation draws bargain-hunting Brits. <\/span><span style=\"\">A <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/UK-Post-Office-Holiday-Money-Index-2023.pdf\" style=\"\">UK Post Office index (pdf)<\/a><\/span><span style=\"\"> ranking <\/span><span>GBP exchange rates for currencies used in destinations frequented by British tourists has the international press touting Egypt as an increasingly affordable choice. \u201cThe collapse of the EGP in the past year means visitors to Egypt will get 72.7% more for their pounds \u2014 the equivalent of over GBP 210 extra on a GBP 500 currency transaction,\u201d boosting the affordability of destinations like Sharm El Sheikh, the Post Office wrote. The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/55eef650-ac20-410c-82f6-ed7116e0dd21\" style=\"\">Financial Times<\/a><\/span><span> and<\/span><span> <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/news.sky.com\/story\/tourists-could-flock-to-red-sea-resorts-as-post-office-analysis-finds-cost-benefits-for-brits-12819036\" style=\"\">Sky News<\/a><\/span><span> both have coverage<\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Also making headlines: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Washington DC\u2019s Freer Gallery is displaying ancient Egyptian artifacts<\/span><span style=\"\"> <\/span><span>collected in the early 20th century by the museum\u2019s namesake, Detroit industrialist Charles Lang Freer. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/arts-entertainment\/2023\/02\/23\/freer-in-egypt-art-review\/\" style=\"\">Washington Post<\/a><\/span><span>)<\/span><\/li>\n<li><span style=\"font-weight:700\">More fossil discoveries to come: <\/span><span style=\"\">The Egyptian paleontologists who uncovered <\/span><span>the remains of turtles dating back over 70 mn years are working to unveil more discoveries in El Wadi El Gedid governorate. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thenationalnews.com\/mena\/egypt\/2023\/02\/24\/egyptian-team-that-uncovered-70-million-year-old-turtles-say-more-discoveries-to-come\/\" style=\"\">The National<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Keeping mum:<\/span><span style=\"\"> A linguist's take on efforts to rebrand Egyptian mummies in <\/span><span>global museums as \u201cmummified people.\u201d (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/mummy-the-wrap-on-ancient-egypts-embalmed-remains-60fe3e33\" style=\"\">Wall Street Journal<\/a><\/span><span>)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This morning in the foreign press: EGP devaluation draws bargain-hunting Brits. A UK Post Office index (pdf) ranking GBP exchange rates for currencies used in destinations frequented by British tourists has the international press touting Egypt as an increasingly affordable choice. \u201cThe collapse of the EGP in the past year means visitors to Egypt will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":581825,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[687,104,1419,72,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-ancient-egypt","tag-economy","tag-egp","tag-enterpriseam","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"472bf1a6-44b8-4ce7-886c-760c26317b44","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/British-Airways-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581807],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.f3c192cc-85d2-4ac2-a41f-6ed0e869139d.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Weaker EGP could lure British tourists - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weaker EGP could lure British tourists\" \/>\n<meta property=\"og:description\" content=\"This morning in the foreign press: EGP devaluation draws bargain-hunting Brits. A UK Post Office index (pdf) ranking GBP exchange rates for currencies used in destinations frequented by British tourists has the international press touting Egypt as an increasingly affordable choice. \u201cThe collapse of the EGP in the past year means visitors to Egypt will [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-26T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/British-Airways-1600px.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Weaker EGP could lure British tourists\",\"datePublished\":\"2023-02-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/\"},\"wordCount\":184,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/British-Airways-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ancient Egypt\",\"economy\",\"EGP\",\"EnterpriseAM\",\"tourism\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/weaker-egp-could-lure-british-tourists\/\",\"name\":\"Weaker EGP could lure British tourists - 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EGP 4 mn","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"A statue by Mahmoud Mokhtar, dubbed Ibn El Balad (Son of the Nation), was sold for GBP 189k (approx. EGP 4 mn) by UK auction house Sotheby's in its \"20th Century Art \/ Middle East\" auction, compared to its estimated value of GBP 90k-1110k, according to theauction results. The bronze\u2026","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/410.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578317,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/amoc-and-pachin-leave-the-lse\/","url_meta":{"origin":581824,"position":2},"title":"AMOC and Pachin leave the LSE","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"AMOC + Pachin delist from LSE: EGX-listed Alexandria Mineral Oils Company (AMOC) and Paint and Chemical Industries (Pachin) have each decided to delist their global depository receipts (GDRs) from the London Stock Exchange, citing poor performance, according to individual disclosures to the EGX (here and here \u2014 pdfs). AMOC says\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/486.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578760,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/12\/the-weakening-egp-a-foiled-statue-grab\/","url_meta":{"origin":581824,"position":3},"title":"The weakening EGP + A foiled statue grab","author":"enterpriseam admin","date":"12 January 2023","format":false,"excerpt":"Dominating the conversation on Egypt in the foreign press this morning: Yesterday\u2019s exchange-rate volatility, which saw the EGP fall to a fresh record low of EGP 32.2 against the greenback, before recovering in late trading. We have the full story in this morning\u2019s news well, above.The Red Sea makes for\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/197.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595130,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/uk-to-give-egypt-gbp-13-mn-to-promote-investment\/","url_meta":{"origin":581824,"position":4},"title":"UK to give Egypt GBP 13 mn to promote investment","author":"enterpriseam admin","date":"17 September 2019","format":false,"excerpt":"The UK will give Egypt GBP 13 mn through the World Bank to promote investment in the country, said British MENA Secretary of State Andrew Morrison, according to an Investment Ministry statement. The amount is part of a four-year, GBP 15 mn-worth technical support program to push Egypt\u2019s economic growth.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558564,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/egypt-could-lose-out-on-egp-31-mn-daily-if-it-remains-on-uks-red-list\/","url_meta":{"origin":581824,"position":5},"title":"Egypt could lose out on EGP 31 mn daily if it remains on UK\u2019s \u201cred list\u201d","author":"enterpriseam admin","date":"17 August 2021","format":false,"excerpt":"The Egyptian economy could lose as much as EGP 31 mn in potential daily revenues if the country remains on the UK\u2019s \u201cred list\u201d for international travel, the World Travel and Tourism Council (WTTC) said in a press release (pdf). Egypt\u2019s continued status on the red list \u2014 where it\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=581824"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581824\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/581807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/581825"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=581824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=581824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=581824"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=581824"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=581824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}