An EGP devaluation might not be sufficient on its own to stimulate tourism in Egypt, Sarah Diaa writes for Gulf News. “Without a marked improvement in the confidence of tourists and tour operators in terms of safety and security on the ground, devaluation is unlikely to attract more tourists. Safety will be more paramount to tourists than a reduction in travel costs,” said Rashid Aboobacker, associate director at TRI Consulting. International tourists are still shunning Egypt for destinations such as Spain and Portugal, an analyst at Euromonitor noted. Despite the setbacks, Aboobacker expects the industry to bounce back once the international community “perceives a marked reduction in terrorist threats in the country.”