Egyptian Travel Agents Association Says No Differences Between Airlines, Lebanese Travel Agents

Egyptian Travel Agents Association Says No Differences Between Airlines, Lebanese Travel Agents
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Egyptian Travel Agents Association Says No Differences Between Airlines, Lebanese Travel Agents

Egyptian Travel Agents Association Says No Differences Between Airlines, Lebanese Travel Agents

Egyptian Travel Agents Association (ETAA) of the country’s Chamber of Commerce held a meeting with a number of tourism and aviation companies to identify the parties that caused the dispute between Al-Masria Universal Airlines and a Lebanese travel agent.

This dispute has caused a crisis for some Lebanese flights to Sharm El Sheikh late April.

Member of ETAA board of directors Nader Ayyad affirmed the solid relationship between Egypt and Lebanon.

“The ETAA has held an urgent meeting in light with the cancellation of flights by Lebanese tourists to Sharm El Sheikh last month,” Ayyad said in a statement of which Asharq al-Awsat received a copy.

The meeting was attended by travel agents and aviation companies in Egypt and aimed at finding out the causes of the crisis, the statement said, pointing out Egyptian companies were proved not to violate their contracts with their Lebanese counterparts.

It pointed to the agreement between Civil Aviation General Manager at Rafic Hariri International Airport Mohammed Shehab al-Din with and the Egyptian airlines, which stipulates that planes carrying tourists don’t take off from Lebanon before entirely paying dues.

Ayyad said that April 26’s flight has seen an agreement with Al-Masria Universal Airlines on the need to operate a trip to return Lebanese tourists.

“The ETAA has coordinated with Al-Masria Universal Airlines to return tourists and stress on Egyptian companies to hold their responsibility and collect the value of the trip,” the statement read.

It explained that in this case, if any company fails to pay the due amount for the passengers’ return trip, they will remain in the country until the money is paid.

Al-Masria Universal Airlines provided documents to the ETAA, showing that the Lebanese agent didn’t commit to paying the company’s dues, which prompted the Egyptian company to cancel flights from Sharm El Sheikh to Lebanon for this agent only.

ETAA pointed out that all Egyptian airlines have completed all the remaining contracts with the Lebanese travel agents until the end of the holidays, stressing the full respect and appreciation for all the Lebanese tourism companies and the Lebanese people.



World Bank: Earthquake Worsens Myanmar's Economic Decline

This photo taken on May 8, 2025 shows a worker walking past sacks of rice in a warehouse on the outskirts of Zalun township in Myanmar's Irrawaddy Delta region. (Photo by Sai Aung MAIN / AFP)
This photo taken on May 8, 2025 shows a worker walking past sacks of rice in a warehouse on the outskirts of Zalun township in Myanmar's Irrawaddy Delta region. (Photo by Sai Aung MAIN / AFP)
TT
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World Bank: Earthquake Worsens Myanmar's Economic Decline

This photo taken on May 8, 2025 shows a worker walking past sacks of rice in a warehouse on the outskirts of Zalun township in Myanmar's Irrawaddy Delta region. (Photo by Sai Aung MAIN / AFP)
This photo taken on May 8, 2025 shows a worker walking past sacks of rice in a warehouse on the outskirts of Zalun township in Myanmar's Irrawaddy Delta region. (Photo by Sai Aung MAIN / AFP)

Myanmar's beleaguered economy is expected to contract by 2.5 percent in the 2025/26 fiscal year largely due to the devastating impact of a powerful earthquake in late March, the World Bank said in a report on Thursday.

The World Bank said direct damages to property and infrastructure from the 7.7 magnitude quake were estimated at $11 billion, or 14% of the nation's gross domestic product, estimating that economic output would be about $2 billion lower than it otherwise would have been because of the quake.

The quake affected more than 17 million people, with nine million severely impacted, the World Bank said. The death toll has topped 3,700, according to Myanmar's ruling junta.

"The earthquake caused significant loss of life and displacement, while exacerbating already difficult economic conditions, further testing the resilience of Myanmar's people," Melinda Good, Division Director for Thailand and Myanmar, said a statement.
"Recovery efforts are essential to help the most vulnerable populations."

A junta spokesman did not respond to a call from Reuters seeking comment on the report.

In December, the World Bank had projected Myanmar's economy would shrink 1% in the 2024/25 fiscal year that ended in March due to the severe flooding in the country.

Myanmar has been in turmoil since the military seized power in a coup in February 2021, sparking a civil war. There have been international efforts to stall the conflict, but rebels have accused the junta of breaching a ceasefire called to allow relief efforts to reach earthquake-affected areas.

The hardest-hit regions of Mandalay and Naypyidaw were expected to lose up to one-third of their production between April and September before a partial recovery in the second half of the fiscal year, the World Bank said.

The earthquake could increase the national poverty rate by 2.8 percentage points, pushing more households into poverty, the report stated. A survey before the quake estimated the poverty rate at 31% in 2024.

"Myanmar's compounding crises have put household coping mechanisms under severe stress," said Kim Edwards, Senior Economist and Program Leader for Thailand and Myanmar.