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FINANCIAL NEWS
Sharp decline in Egyptian tourism sector
30 Aug 2011
(MENAFN) Head of International Tourism Sector, Samy Mahmoud, at Egyptian Tourism Authority (ETA) said that due to the recent turmoil and the Egyptian revolution, tourism declined by 28 percent during the first half of the year, reported Gulf news.
Mahmoud stated that the numbers of Arab tourists visiting Egypt from January to July decreased especially the gulf tourists. The number of UAE tourists decreased by 58 percent to reach 55,000, Kuwaiti visitors also decreased by 52 percent, Saudi tourists decreased 48 percent and finally Jordanians by 17 percent, ETA’s head further explained.
On another note, the numbers of tourists from neighboring countries such as Libya, Sudan and Palestine witnessed a slight increase, compensating a little for the drop in gulf’s tourists. Also, Opening Rafah crossing had a positive impact on increasing the numbers of the Palestinian tourists.
It is worth mentioning that Egypt received 5.7 million tourists in the first half compared to 8.2 million visitors in the same period last year.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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