, Prime Minister Mostafa Madbouly said. Egypt will sanitize hotels and tourist sites during the closure, he said in a news conference, adding that tourists now in the country would be able to complete their vacations.Madbouly said Egypt’s strategic reserves of key commodities would last for months and there was no need for people to stock up.
Revenue continued to rise in the July-Sept quarter, the latest data published by the central bank, to $4.19 billion, the country’s best quarter ever. Lower oil prices will likely be neutral, since Egypt’s bill for hydrocarbon imports, at $15.5 billion, is virtually equal to what it earns from exports, mainly natural gas.
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