Chaos deters tourists, investors, adding to Egypt’s woes

21.04.2011                      17.Nisan, 5771                      Chel Hamo'ed 1; Tag 2 des Omer

Ägypten:

Chaos deters tourists, investors, adding to Egypt’s woes

Economy suffers as officials probe Mubarak-era deals, fail to contain unrest; inflation accelerates, energy imported food prices rise.

Nearly 10 weeks after Hosni Mubarak was pushed out of power, the Egyptian revolution is deterring two kinds of people it needs to help restart an economy ravaged by strikes and political uncertainty.
Tourists, whose spending on hotels, restaurants and museum tickets accounts for a fifth of the economy, have yet to return, put off by concerns about crime and violence. Investors, who the economy needs to help create jobs and revive growth, are worried about a crackdown on Mubarak-era deals, arrests of leading business people and demands by the government to renegotiate contracts….