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Egypt's Tourism Revenue Drops by 43 Percent in First Quarter

Egypt's tourism revenues dropped 43 percent in the first quarter of 2014 to $1.3 billion, Adela Ragab, the country's economic adviser to the minister of tourism, told Reuters on Wednesday. The tourism sector, which has been damaged by the political instability that followed a popular uprising that toppled autocrat Hosni Mubarak in 2011, suffered another blow in February when a coach carrying Korean tourists was bombed by extremists. Ragab said around 15 countries issued travel...

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