Egypt tourism revenues down $ 1.3 b

Reuters:Egypt’s tourism revenue has declined by roughly $ 1.3 billion since a Russian plane crash in Sinai last year, Prime Minister Sherif Ismail said in a televised interview on Monday.

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.