Skip to content




Markets

Asia Pacific

  • Africa

  • Egypt
  • Africa
  • (Algeria, Tunisia, Libya, Morocco, Nigeria, Kenya, Tanzania, South Africa)

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

Egypt to suspend flights from March 19 over coronavirus

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/03/2020 (16:02)
According to media reports, Egypt will halt all air traffic at its airports from March 19 until March 31 in an effort to contain the spread of the COVID-19 virus.

“Tourists now in the country would be able to complete their vacations,” Prime Minister Mostafa Madbouly said during a televised news conference. The prime minister also added that losses from a flight shutdown are expected to mount to more than EGP2.25 billion ($130 million).

Tourism is the third largest source of income, crucial to Egypt’s economy. Official figures show that Egypt’s tourism revenues jumped by more than 28% to around $12.6 billion during the fiscal year that ended last June 30.

The Prime Minister’s announcement followed the allocation of $6.4 billion to fund a comprehensive plan to combat the impact of the coronavirus outbreak in Egypt. The country’s central bank has also announced that it will extend the deadlines for repayments and not levy fines on late payments.
Free Trial
Member Login