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Egypt's tourism which adds 11% to GDP plunges amidst chaos

Violent clashes broke out in Cairo’s Tahrir Square between anti regime protesters and supporters of Mubarak, despite the army's call for protesters to return home. CNBC's Yousef Gamal El-Din told CNBC-TV18 that if the situation continues to get out of hand, Egypt's tourism which adds 11% to the GDP would nosedive, hurting the economy.

February 03, 2011 / 10:09 IST
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There seems to be no let-up in the crisis in Egypt. After more than a week of massive protests and global pressure, President Hosni Mubarak today offered to step down, before the next elections in September. But protesters do not seem to be impressed. Opposition leader Mohamed ElBaradei says,

first published: Feb 3, 2011 08:39 am

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