CAIRO (AP) — Revenues from Egypt's vital tourism sector plunged almost 30 percent last year, dragged down by the unrest following the ouster of former President Hosni Mubarak, the government said Thursday. The shortfall has forced the country to turn to the International Monetary Fund to bridge a burgeoning budget deficit.
The decline in revenues caused by near-daily protests and strikes underscores the challenges as its military rulers and the interim government plot a course toward handing over power to an elected civilian administration.
Tourism Minister Mounir Abdel-Nour said that the number of tourists who came to Egypt in 2011 dropped by over 33 percent — to 9.8 million …
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