Dr. Mostafa Madbouly, Prime Minister, said that nearly two months ago we witnessed a new war in our regional surroundings, adding to a series of other conflicts and wars the region has suffered over the past few years. This time, however, the repercussions had a stronger impact globally and were deeper on the international political and economic scene.
In his speech to the House of Representatives today, during the first session of the third legislative term, Madbouly stated that the US-Israeli–Iranian war resulted in daily losses for the tourism sector in the region estimated at about $600 million, due to flight cancellations and the decline in travel to the Middle East, according to data from the World Travel & Tourism Council.
The Prime Minister noted that during the first half of the current fiscal year 2025-2026, i.e. from July to December 2025, before the outbreak of the war, Egypt's tourism revenue rose by 17.3% to $10.2 billion, compared with $8.7 billion, reflecting the recovery of the Egyptian tourism sector, according to the official page of the Egyptian Cabinet on Facebook.
