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Egypt Tourism Revenue Recovers
Source: www.export-egypt.com 8/16/2017

Egypt’s tourism receipts almost tripled and worker remittances rose in the last three months of its fiscal year, marking another step in the country’s economic recovery from a crippling dollar shortage.

Tourism revenue rose to $1.5 billion in the fourth quarter that ended June 30, from $510 million in the same period a year ago, according to initial central bank data that it shared with Bloomberg.

Full-year receipts rose 16 percent to $4.4 billion. Remittances grew 9 percent to $4.8 billion in the fourth quarter, and rose 2 percent to $17.4 billion for the year.



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