Interpreting Middle East Economic News and Analyzing Market Trends

‘Bikinis and booze are welcome in Egypt’ as Brotherhood chooses money over religion

Sharm El-Sheikh, Egypt – Source:  Treehugger.com

It’s no secret that Egypt is short on cash these days.  Qatar and Libya have already pumped in billions to help support the economy.  However, discussions with the IMF have not gone so well and the $4.8 billion loan (expect Egypt to ask for even more) is on hold for now.  What’s a new cash-strapped Islamist government to do?  For starters, they can promote bikinis on the beach and booze at the bar…

 

Islamist-ruled Egypt is open to visitors who drink alcohol and wear bikinis as it sets out to boost numbers by at least a fifth this year, the tourism minister said yesterday.

Tourism is a pillar of the Egyptian economy but has suffered since a popular uprising toppled President Hosni Mubarak in 2011 and set off two years of periodic rioting and instability.

The minister, Hisham Zaazou, said the government had “optimistic goals” for the sector, and played down comments from radical Salafi Muslim groups who have called for a ban on alcohol and women wearing swimsuits.

Bikinis are welcome in Egypt and booze is still being served,” Mr Zaazou, speaking in English, told a news conference during a visit to the UAE.

We had talks with these Salafi groups and now they understand the importance of the tourism sector, but still you have some individuals that are not from the leadership saying these things,” added the minister, an independent who is not a member of the ruling Muslim Brotherhood.

Egyptian President Mohammed Morsi’s government increased taxes on alcohol in December but backed down after the move was criticised by the tourism sector and by liberals.

Before the uprising, tourism was worth more than a tenth of Egypt’s economic output. In 2010, 14.7 million visitors came, generating $12.5 billion in earnings, but arrivals slowed to 9.8 million the following year and income to $8.8 billion.

Read the full article from The National.