Egypt “worst performer” among tourist destinations? Russian flights back?
You’re not paying close attention, FT: Egypt is the worst performer among big tourist destinations, Steve Johnson writes in The FT’s EM Squared, “although Russian airlines have resumed flights to Sharm el-Sheikh.” No, Russian airlines have not (yet) resumed flights to Egypt. The piece carries no meaningful insights, focusing instead on uninformed, hackneyed quotes from the CEO of the WTTC, including the likes of: “The young people who would normally be working in the tourism industry are either getting on boats and looking to come to Europe or are potentially recruits [for the terrorists].” Someone dropped the ball on this.
Elsewhere in the salmon-colored paper: Only the fact of this being an achingly slow news morning makes it worth your while reading the Financial Times’ “special report “Investing in the Arab World,” which largely trots out tired metaphors and hackneyed storylines. The full package includes:
- Egypt attracts foreign investment as currency falls
- Sudan appeals to investors after sanctions thaw
- Dubai leads Middle East in start-ups, local rivals rush to follow
- New pipeline plan may help save the Dead Sea
- UAE bankruptcy no longer leads straight to prison
We’re typically huge fans of the FT around here, making yesterday’s disappointment all the more stark.