Egyptian Prime Minister Mostafa Madbouly announced Tuesday that the region’s tourism sector is now losing approximately US$600 million daily due to flight cancellations and a general decline in travel to the Middle East, according to the World Travel & Tourism Council.
In his statement to the House of Representatives regarding the government’s measures to address the repercussions of the global economic crisis and its impact on the Egyptian economy, he noted that the FAO Food Price Index rose by 2.4 percent compared to its level in February.
Madbouly explained that the United Nations World Food Programme warned of unprecedented disruptions to global food supply chains, describing the situation as “the most severe since the COVID-19 pandemic and the start of the war in Ukraine.”
