Egypt

Tourism Tattler - - BUSINESS & FINANCE -

Egypt has had more than its fair share of ter­ror-re­lated in­ci­dents. Po­lit­i­cally the coun­try still has is­sues to re­solve with marathon court cases against the Mus­lim Brother­hood fea­tur­ing promi­nently in global me­dia. Se­cu­rity con­cerns are cur­rently ex­ert­ing a neg­a­tive im­pact on the coun­try's tourism out­look.

The eco­nomic land­scape of Egypt has been a mixed bag. The big­gest news was the an­nounce­ment of a planned $60 bil­lion in­fra­struc­ture in­vest­ment by Saudi Ara­bia. The econ­omy started to re­cover in 2014/15, as the gov­ern­ment scaled up in­fra­struc­ture spend­ing and un­der­took im­por­tant mea­sures to re­store macroe­co­nomic sta­bil­ity. As such the World Bank re­ported, growth re­bounded to 4.2% in 2014/15, dou­ble the growth dur­ing the pre­vi­ous four years.

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