Egypt moves to shore up tourism sector in shadow of Gaza war
EGYPT is offering incentives to shore up its tourism industry in southern Sinai on the Red Sea, with fallout from the conflict in the Gaza Strip so far contained to under 10% of bookings in the country, the Egyptian tourism minister said on Monday. Tourism, a key source of scarce foreign currency for Egypt, was on track to earn more than $13 billion this year and hit a target of 15 million visitors, despite some delayed reservations for the end of the year, Ahmed Issa said in an interview. Ratings firm S&P Global warned on Monday that a fall in…