Egypt’s Tourism Revenues Down $1.3B Since Russian Plane Crash
Egypt’s tourism revenue has declined by roughly $1.3 billion since the Russian plane crash in the Sinai last year, Prime Minister Sherif Ismail said in a televised interview on Monday. It is believed that the plane exploded after a bomb placed by the Islamic State terrorist group was detonated onboard.
Egypt’s president said last week that a Russian plane that crashed in Sinai last October, killing all 224 people on board, had been downed by terrorists seeking to damage its tourism industry and ties with Russia, echoing a position already taken by Western countries and Moscow.
“After the plane crash, over the past three or four months, we lost around $1.2 billion or $1.3 billion in revenues,” Sherif said
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.