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FINANCIAL NEWS
Egypt’s tourism sector needs for financial recovery
11 Jan 2016
(MENAFN) Tourism firms’ financials, suffered from income lack whereas others had operational losses, which was credited to the confusion affecting the tourism sector in the past five years.
Accordingly, the companies suffered because of current tourism crisis, and the financial recovery of the sector depends on growing prices of tourism services and getting the rate of tourism to 10mn.
Moreover, Head of Economic Research concentrated on the demand to improve programs for local tourism through marketing and offering incentive prices and seasonal offers.
There are 12 tourism firms listed in the Egyptian market with a whole value of USD 0.84bn, while the most projecting company is Orascom Development Holding AG (ODHN), which worth USD 0.30bn.
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