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FINANCIAL NEWS
Egypt’s tourism revenue to fall by 40 percent
28 Apr 2016
(MENAFN) Tourism income will decline to almost USD 3.5bn this year, compared to USD 6.1bn in 2015, due to the suspension of Russian flights to all of Egypt’s airports.
Furthermore, Russian tourism introduces almost 30 percent of annual tourist arrivals to Egypt, whereas British flights represent about 10 percent.
However, the influx of Russian tourists declined to 2.4mn last year, compared to 3.1mn through 2014, and the influx of British inbound tourists fell by 4 percent.
On the other hand, the sector will recover, but there are political issues, while the country may not be totally responsible for the crisis.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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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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