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Egypt tourism revenues more than double in third quarter

Tourism revenues reached $2 billion between July and September compared to $900 million during the same period of last year.
09.12.14 | Source: Ahram Online

Egypt's tourism revenues jumped 112 percent to about $2 billion in the third quarter of 2014, a tourism ministry official said, suggesting the key industry was showing signs of recovery, albeit from a particularly bad third quarter last year.

Tourism, an important source of foreign currency, has been hammered since the popular uprising that toppled Hosni Mubarak in 2011.

It suffered another blow in mid-2013, after the ouster of Islamist President Mohammed Mursi from power after protests against his rule.

"Egypt's tourism revenues reached $2 billion in the third quarter of this year compared to $900 million in the same quarter of last year," Adela Ragab told Reuters by telephone.

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