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Israel’s Neighbors Fished for Flies in Tourism


Israel’s Neighbors Fished for Flies in Tourism

Israel’s Neighbors Fished for Flies in Tourism: Israel’s damage to its three neighbors exceeded 10 billion dollars. The Gaza War, initiated by Israel after the attacks of Hamas on October 7, 2023, hit not only Palestine but also three neighboring countries. These three countries are Egypt, Lebanon and Jordan… The world-famous New York Times newspaper listed the effects of the war on these three countries in its headline titled “The war damaged the economies of Israel’s closest neighbors”:

  • According to an assessment by the United Nations Development Programme, the Israel-Gaza War cost the three countries $10.3 billion in just three months, or 2.3 percent of their total gross domestic product. An additional 230 thousand people are expected to fall into poverty in these countries.
  • Economic activity in the Middle East and North Africa was already on a downward trend, falling from 5.6 percent growth the previous year to 2 percent in 2023. Lebanon has faced what the World Bank has called one of the world’s worst economic and financial crises in more than 1.5 centuries. And Egypt is on the verge of bankruptcy.
  • International Monetary Fund (IMF) analysts comment, “Uncertainty about the course of the war in Jordan, Lebanon and Egypt has weakened consumer and business confidence, which will likely drag down spending and investment.”
  • Egypt, the most populous country in the Arab world, has still not recovered from the increase in basic import costs such as wheat and fuel, the decline in tourism revenues and the decline in foreign investments caused by the coronavirus epidemic and the war in Ukraine.

According to the news reported by Emre Ergül from Dünya Newspaper; Lavish government spending on flashy megaprojects and weapons has caused Egypt’s debt to soar. These debt payments ballooned as central banks around the world raised interest rates to reduce inflation. Rising prices in Egypt continue to eat away at households’ purchasing power and businesses’ expansion plans.

  • The decline in ship traffic passing through the Suez Canal to the Red Sea was the final blow. Between January and August, Egypt earned an average of $862 million per month in revenue from the canal, which carries 11 percent of global maritime trade. These figures no longer exist because the ships changed course. They caught flies in tourism


According to the IMF, in 2019, tourism in Egypt, Lebanon and Jordan accounted for 35 percent to nearly 50 percent of total exports of goods and services. Now the situation is this: In Jordan, airline reservations decreased by 18 percent. In Lebanon, reservations decreased by 25 percent. Travel and tourism in Lebanon previously contributed to a fifth of the country’s annual gross domestic product. Now everywhere is empty. SUGGESTED READING:War also hit tourism in the Middle East


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