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#Egypt tourism

  The German Embassy in Cairo announced on Wednesday, 5 June, that the German Tourism Group FT had filed for bankruptcy. This impacts approximately 60,000 German tourists worldwide, including many families vacationing in Egypt, especially in the Red Sea and Sinai regions. Egyptian businessman and engineer Samih Sawiris holds the largest shareholder stake in FTI. The statement by the German Embassy added that German regulations require tour operators like FTI to have bankruptcy insurance. This means the German Travel Insurance…