Egyptian Officials Make Local Inspection Tours to Reassure Tourists

A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)
A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)
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Egyptian Officials Make Local Inspection Tours to Reassure Tourists

A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)
A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)

Egyptian ministers toured various resorts and airports in the country that began receiving visitors earlier this month while maintaining health measures to confront the COVID-19 pandemic.

The government aims to reassure tourists arriving to Egypt over the health situation and the measures taken to contain the pandemic.

Minister of Tourism and Antiquities Khaled Anani and Minister of Civil Aviation Mohamed Manar met with investors in Taba and Nuweiba to discuss proposals to overcome obstacles facing tourism investors in both cities.

Anani stressed that the government spared no effort to promote the tourism sector, considering it a pillar of the national income. He indicated that flights will be resumed in Taba Airport, provided that investors contribute to these flights until tourism returns to its normal levels.

The minister visited Taba and Sharm el-Sheikh airports and inspected the departure and arrival halls, the thermal camera system, and measures for maintaining social distance at the airport.

Sharm el-Sheikh International Airport received more than 3,000 tourists aboard 16 flights from Ukraine and Belarus, since the beginning of July.

Taba Airport is preparing to receive tourists with the first flight arriving from Poland on July 29.

Anani also inspected a number of hotels in Sharm El-Sheikh, Dahab and Nuweiba to ensure that health measures are being followed, as instructed by the Ministry.

The Ministry issued an official statement indicating that the occupancy rate of Dahab reached about 45 percent, most of which are Egyptian visitors. The city has 28 hotels with an occupational capacity of 2,326 hotel rooms, as well as 110 tourist bazaars.

Whereas Nuweiba has 14 hotels, with a capacity of 1,643 rooms, and seven bazaars.

The Minister also reviewed health precautionary measures followed by the hotel upon the guest’s arrival.

He also monitored the procedures on the reception desk and foyer area, as well as all parts of the hotel including the restaurant, kitchen area, swimming pools, and the beach area.



Gold Firms; Focus on US Data for Cues on Fed's Policy Path

FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
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Gold Firms; Focus on US Data for Cues on Fed's Policy Path

FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo

Gold prices hovered near a four-week peak on Thursday, while focus shifted to jobs report due on Friday for clarity on the Federal Reserve's 2025 interest rate path.
Spot gold edged 0.1% higher to $2,664.30 per ounce, as of 0732 GMT. US gold futures rose 0.4% to $2,681.80
"Prices are trading in a narrow range ... A new trigger is needed for gold to breach its resistance," said Ajay Kedia, director at Kedia Commodities in Mumbai.
The bullion hit a near four-week high in the previous session after a weaker-than-expected US private employment report hinted that the Fed may be less cautious about easing rates this year.
The market now awaits US jobs report on Friday for more cues on the Fed's policy path.
Investors are also awaiting Donald Trump to take office on Jan. 20 and his proposed tariffs and protectionist policies are expected to fuel inflation.
Policymakers at the Fed's last meeting also "noted that recent higher-than-expected readings on inflation, and the effects of potential changes in trade and immigration policy, suggested that the process could take longer than previously anticipated," the minutes showed on Wednesday.
Bullion is considered an inflationary hedge, but high rates reduce the non-yielding asset's allure.
"We believe the bulk of the rally has been put in and that while gold's upward momentum may carry it higher in the near term and in early 2025, a combination of physical and financial market factors may tame the rally and drive gold moderately lower by the end of next year," HSBC said in a note.
Elsewhere, physically-backed gold exchange-traded funds (ETFs) registered their first inflow in four years, the World Gold Council said.
Spot silver added 0.2% to $30.17 per ounce, platinum dropped 0.3% to $952.54 and palladium shed 0.8% to $921.37.