The director of the International Monetary Fund's Middle East and Central Asia Department, Masood Ahmed, said last week that a decrease in tourism is a given.
"The recent popular protests in Egypt will definitely have a short-term economic cost. In particular, we will see tourism and investment going down and certainly the 5.5-percent growth rate that we saw in the last two quarters of 2010 will likely be considerably lower in the next six months or so while the situation stabilizes," he said.
Visitors enjoy the view from the back of a cart.
But Ahmed also says the recent popular protests in Egypt and a number of countries in the Middle East could unleash greater long-term growth potential in the region.
Camel-owner Adal is optimistic. He said he thinks things will be better for him and for Egypt.
But the situation appears to be growing more tense elsewhere in the Middle East and North Africa.
It is difficult to get an accurate picture of what is going on in Libya. Foreign reporters have been banned, the nation's media is tightly controlled and the Internet has been shut down. But reports getting out of the country say Libyan security forces opened fire on anti-government demonstrators Saturday and Sunday. Human Rights Watch says more than 170 people have been killed in Libya during five days of unrest and crackdown.
Journalists in Morocco report several thousand people marched in the capital Rabat, calling for a new constitution, more economic opportunities, a crackdown on corruption, and for King Mohammed to cede some of his powers. News services report Moroccan police kept a low profile.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25