Egypt’s tourism revenues jumped by 38.7% during the first half (H1) of the current fiscal year (FY), reaching $6.8bn, compared to $4.9 in the period from July to December 2017, according to the Central Bank of Egypt (CBE).
The CBE explained in its initial report on the Egyptian balance of payments that the travel surplus rose to about $5.4bn during H1 of the current FY, up from $3.8bn in the same period last FY.
According to data released by the World Tourism and Travel Council (WTTC) last month, tourism in Egypt has witnessed a huge boom and recovery during 2018, estimating the …read more
Source: Daily News Egypt
