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Gaza conflict shakes Middle East economies

Rising death toll and fears of wider war deter tourists and investors

War in Gaza is threatening the fragile and tourism-dependent economies of Egypt, Jordan and Lebanon and triggering concerns that the impact will spread across the Middle East.

In Jordan, where tourism accounts for 10 per cent of gross domestic product, one tour operator said the war had triggered a string of cancellations: “Just like that, months and months of bookings have disappeared,” he said.

In Egypt, where the government has already turned to the IMF to relieve its economic crisis, many tourism bookings in Sinai, which borders Gaza, have been cancelled.

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