Beltone Financial expects $11B tourist revenues in 2019

CAIRO - 28 December 2018: Beltone Financial Holding Company expects revenues from Egyptian tourism would hit 11 billion dollars in 2019.

The Egyptian economic performance is very promising, it added in an annual report on the Egyptian economy released on Wednesday.

Beltone Financial, a major investment bank in the Middle East and North Africa, added in its report that saving 32 billion pounds from fuel subsidies will provide enough funding in the general budget.

It expected that Egypt's economic growth rate would reach 5.5 percent in 2018/2019 fiscal year and a stable exchange rate for the pound.