- Years of instability, political change, and terror attacks have wreaked havoc on the Egyptian economy and the tourism industry, which once employed 12% of the workforce and constituted 10% of the country’s GDP.
- The downturn in tourism has been devastating for those relying on the industry for their livelihood, with UNICEF announcing last year that Egypt’s poverty rate had hit an all-time high.
- The situation has forced entrepreneurial Egyptians to get creative to make a living, a phenomenon I witnessed first-hand when visiting the country last month.
- On a cruise up the Nile River, I watched as souvenir salesmen rode motorboats up read more >>>
Source : BusinessInsider.Com