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Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
Tourism is one of the leading sources of income, crucial to Egypt's economy.At its peak in 2010, the sector employed about 12% of workforce of Egypt, [1] serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion [2] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
In 2019, there were 69.9 million international tourist arrivals to Africa (excluding Egypt and Libya), an increase of 2.4% from 2018. [5] According to the World Economic forum's Travel & Tourism Development report in 2024, Morocco is the country most dependent on travel and tourism among all countries in MENA region. [6]
Authorities in Egypt say a luxury yacht that set off with 44 people from the Red Sea port of Ghalib for a week-long diving trip sank, with 32 rescued and 8 still missing.
Business Today Egypt (also known as BT) is an English business magazine which is published monthly in Cairo, Egypt by Egyptian Media Group. [1] [2] It is the only independent business magazine in the country. The magazine models Fortune and Business Week magazines. [3]
Big Bus Tours (formerly Les Cars Rouges and The Big Bus Company), is an operator of open top bus sightseeing tours founded in May 2011 after "Les Cars Rouges" and the "Big Bus Company" merged. The company operates in 23 cities of 11 countries with more than 150 buses around the world. [4] Most of the cities it serves are in the United States.
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