Egypt is one of the countries in Africa which have enjoyed a stable economy for the past years. The country economy went up from 4.5 to 5 percent in 2009. This years Gross Domestic Product (GDP) is expected to rise up to 6 percent. Both private and public sectors have played a great role in the improvement of the country economy. The current crisis in the cities could deteriorate the good economy of the country.
The protest that began in Egypt in 25th January were the largest demonstrations seen in the country since 1977 Bread Riots. The 6 April Youth Movement organizers had selected this day to coincide with the National Police Day holiday but unfortunately this never took place. People from various social-economic backgrounds and religious groups demonstrated carrying Tunisian flag as a symbol of their influence just a few weeks after Tunisian new Revolution. The protesters complain of legal and political problems which include;
a lack of freedom of speech
b Police brutality
c Lack of free election
d Corruption
e Unemployment
f Low wages
g food price inflation
e state emergency
Protesters wanted President Hosni Mubarak to step down and pave way for a new government that will cater for the rights and the interest of the Egyptian people. President Hosni Mubarak had ruled the country for 30 years together with his government under a state of emergency with a heavy hand. By 29th January, the riots had left over 40 people dead. About 105 protesters and 750 policemen had been injured. Cairo, which the capital city of Egypt including the port city of Suez were the most affected places in the country. Many police vehicles including President Mubarak National Democratic headquarters were burnt down.
Egypt is among the leading tourist destinations in the world especially in the historical attraction in Cairo, Luxor and Aswan. The tourism industry is the major foreign currency earner in the country. Global financial crises has affected many parts of the world including Egypt. For instance, majority of the tourists who come to Egypt are from the European countries and due to reduction in cash flow, tourists have reduced dramatically.
The current crises have played a negative impact on the tourism industry. The peak travel season in Egypt begins Mid-October to May. Tourists who had planned to come here are likely to look for other alternative destinations. The hotel bookings have also reduced dramatically. A part from a decrease in the tourism industry, there will be much poverty in the country. The only solution to the current situation in Egypt is a new reform and an assembly which will allow the Egyptian people to participate and respect their right to freedom of speech.
