4 ms·
I am based in Cairo. 1. Egypt's tourism sector got hammered after the revolution, especially in the "Ancient Egypt" route. The beach based tourism remain high
by dodyg 13y ago
I am based in Cairo.
1. Egypt's tourism sector got hammered after the revolution, especially in the "Ancient Egypt" route. The beach based tourism remain high.
2. Head of local governments keep changing every 6 months or so. The same thing applies for Cabinet Ministers.
3. Egyptian 25 Jan revolution lasted in full 18 days. It's quite short for a revolution although the repercussion ripples.
4. Basic infrastructure such as electricity and gasoline distribution got affected which adds cost and uncertainty into manufacturing.
5. There are tons of political motivated persecution such as the NGO trials which really scared off Western investors.
6. American Chamber of Commerce invited a hundred US businessmen for investment and arranged them to meet President Morsi only to be evacuated the next day after the Anti-Islam YouTube video.
7. The whole MENA region got engulfed in revolution which really affects the movement of goods and people.
8. Investors from the Gulf really eyed the MB with suspicions. UAE officials routinely publicize sharp comments against the MB.
Anyway, I expect the economy to bounce back strongly in the near future. I am not Egyptian myself although I've lived here for many years. My country Indonesia went through similar revolution 14 years ago and now we are a trillion dollars economy.
- cageface 13y agoThere's been a huge influx of Russian tourists here in Vietnam lately. Apparently a large factor is the instability in Egypt. People that previously would have planned vacations there are now coming here.
- gadders 13y agoI think freeing the terrorist that organised the Luxor attack didn't really help tourism much: http://frontpagemag.com/2012/dgreenfield/muslim-brotherhood-pres-frees-monster-in-brutal-luxor-massacre/ http://frontpagemag.com/2012/dgreenfield/muslim-brotherhood-...
- patrickaljord 13y agoHe also named a member of the terrorist group (Al-Jamaa Al-Islamiya) that organized the massacre to be the governor of Luxor: * http://disquietreservations.blogspot.fr/2013/06/morsi-picks-former-terrorist-whose.html http://disquietreservations.blogspot.fr/2013/06/morsi-picks-... * http://www.latimes.com/news/world/worldnow/la-fg-wn-morsi-islamist-20130620,0,7803521.story http://www.latimes.com/news/world/worldnow/la-fg-wn-morsi-is...
- ToothlessJake 13y agoSame US Chamber of commerce, a private creation whose name is made to mirror government entities, involved in plot to undermine/smear Wikileaks supporters, dissidents, political activists via corporations like Palantir/HBGary? http://thinkprogress.org/economy/2011/02/11/143669/chamberleaks-primer/ http://thinkprogress.org/economy/2011/02/11/143669/chamberle... I recall the "U.S.-EGYPT BUSINESS COUNCIL," part of the US Chamber of commerce. From their website: "The USEBC, located within the U.S. Chamber of Commerce.." http://www.usegyptcouncil.org/about/ http://www.usegyptcouncil.org/about/ Also a part of this group inviting businessmen around to meddle in nations: Booz Allen Hamilton. http://www.usegyptcouncil.org/member-companies/ http://www.usegyptcouncil.org/member-companies/ Yea these gents are not involved in global market manipulation on the backs of the unwashed masses. Not at all. edit: duped link
- ToothlessJake 13y agoIncase I was not entirely clear, I am accusing those personally invested in companies that deal with world's secrets like James Clapper of using companies like Booz Allen to aid other corporations that are given legal immunity. The trade of insider secrets, exploits, bugging diplomats and world leaders. Collecting 'metadata' from the rest at the very least. Turning intel into for-profit ventures while granting legal immunity to corporations that are given preferential market treatment. This is global manipulation. It burdens us all eroding chances for creation and innovation while keeping a few monied and out of prison.