Weaker EGP could lure British tourists
This morning in the foreign press: EGP devaluation draws bargain-hunting Brits. A UK Post Office index (pdf) ranking GBP exchange rates for currencies used in destinations frequented by British tourists has the international press touting Egypt as an increasingly affordable choice. “The collapse of the EGP in the past year means visitors to Egypt will get 72.7% more for their pounds — the equivalent of over GBP 210 extra on a GBP 500 currency transaction,” boosting the affordability of destinations like Sharm El Sheikh, the Post Office wrote. The Financial Times and Sky News both have coverage.
Also making headlines:
- Washington DC’s Freer Gallery is displaying ancient Egyptian artifacts collected in the early 20th century by the museum’s namesake, Detroit industrialist Charles Lang Freer. (Washington Post)
- More fossil discoveries to come: The Egyptian paleontologists who uncovered the remains of turtles dating back over 70 mn years are working to unveil more discoveries in El Wadi El Gedid governorate. (The National)
- Keeping mum: A linguist's take on efforts to rebrand Egyptian mummies in global museums as “mummified people.” (Wall Street Journal)