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FINANCIAL NEWS
Egypt tourism sector to decline by 40 percent
14 Apr 2016
(MENAFN) The transfer of control of Tiran and Sanafir islands to KSA will result in a 40 percent drop in annual diving activity.
Moreover, the Egyptian government proclaimed the separation of maritime borders with Saudi Arabia and the transfer of the island from Egypt to KSA.
In addition, inbound tourism to Egypt dropped through 2015 to 9.3mn tourists compared to 9.9mn in 2014.
On the other hand, tourism income also declined to USD 6.1bn through 2015, compared to USD 7.3bn during 2014.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
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13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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