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Tags: ML | Egypt | Tourism

Egypt Losing $250 Million Monthly after Russian Plane Crash

Friday, 29 January 2016 08:25 AM EST

CAIRO (AP) — An Egyptian government official says Egypt has lost hundreds of millions of dollars since last year's suspected bombing of a Russian plane, which crippled the country's vital tourism industry.

South Sinai Governor Khaled Fouda was quoted by the state-run Al-Ahram daily on Friday as saying that hotel occupancy in the resort cities of Sharm el-Sheikh and Hurghada stands at less than 20 percent and that the cities lose nearly 2 billion Egyptian pounds (more than $250 million) each month.

Russia suspended all flights to Egypt and Britain halted flights to Sharm el-Sheikh after the Oct. 31 crash.

The Islamic State group claims that it planted a bomb onboard and Moscow has concluded the plane was downed by an explosive. But Egypt claims it is still investigating the cause.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
An Egyptian government official says Egypt has lost hundreds of millions of dollars since last year's suspected bombing of a Russian plane, which crippled the country's vital tourism industry.South Sinai Governor Khaled Fouda was quoted by the state-run Al-Ahram daily on...
ML,Egypt,Tourism
130
2016-25-29
Friday, 29 January 2016 08:25 AM
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