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The Gaza war on the border with Egypt's Sinai Peninsula comes after the impact of Russia's invasion of Ukraine and the coronavirus pandemic exposed long-standing frailties in the Egyptian economy. "Foreign sentiment on Egypt is so weak, and now with this coming along it's last thing that Egypt needed. A foreign currency shortage has led to a $5 billion backlog of imports stuck at ports, and problems for foreign companies repatriating dividends, bankers say. So far, the Gaza war has affected the popular Sinai destinations of Taba, Nuweiba, Dahab and Sharm el-Sheikh but left the rest of the country relatively unscathed. Egypt's tourism minister told Reuters this week that the impact of the war was contained to under 10% of bookings.
Persons: Mohamed Abd El Ghany, Monica Malik, Moataz, Sharm, Karim ElMinabawy, Siamak Adibi, Egypt's, Olumide Ajayi, Malik, Patrick Werr, Sarah El Safty, Aidan Lewis, Toby Chopra Organizations: REUTERS, Abu, Tourism, Countrywide, Emeco, Middle East Gas, FGE, United Arab, Thomson Locations: Giza, Cairo, Egypt, CAIRO, Gaza, Ukraine, Dhabi, Taba, Dahab, Luxor, Aswan, Israel, Europe, Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Gulf . Saudi
The US Defense Department later confirmed that the Houthi missiles had a range of no less than 2,000 kilometers, or about 1,240 miles. AdvertisementAdvertisementUSS Carney fires on Houthi missiles and drones over the Red Sea on October 19. A third incident, on October 31, saw Israel's advanced Arrow air-defense system intercept a Houthi ballistic missile and an Israeli F-35 stealth fighter shoot down a cruise missile. Houthi ballistic missiles "have long proven" inaccurate, and the group likely doesn't have a very large stockpile of advanced long-range missiles and drones, Bey added. Sailors in USS Carney's Combat Information Center during an operation to defeat Houthi missiles and drones on October 19.
Persons: Yemen's Houthi, , Carney, MCS2 Aaron Lau, Houthis, Khaled Abdullah The, Matthew Bey, RANE, Khaled Abdullah, Bey, wasn't, Mason, ANDREW CABALLERO, REYNOLDS, Bryan Clark, Clark, Paul Iddon Organizations: US Navy, Service, Hamas, US Defense Department, REUTERS, Saudi, Ballistic, Houthi, Tomahawk, Patriot, Getty, Hudson Institute Locations: Israel, Yemen, Saudi Arabia, Taba, Nuweiba, Israeli, Gaza, Sanaa, Iran, Tehran, Riyadh, Yemeni, Mandeb
Egypt's Sisi warns region could become 'ticking time bomb'
  + stars: | 2023-10-28 | by ( ) www.reuters.com   time to read: +1 min
The Egyptian Presidency/Handout via REUTERS/File... Acquire Licensing Rights Read moreCAIRO, Oct 28 (Reuters) - Egypt's President Abdel Fattah al-Sisi on Saturday warned against any expansion of the conflict in Gaza, saying the region risked becoming a "ticking time bomb". He also said his country's sovereignty should be respected after drones were intercepted after entering Egyptian air space on Friday. Israel on Friday said it was the target of the drones which it blamed on Yemen's Iranian-backed Houthi movement. Egypt's military said the drones, which fell on the Egyptian towns of Taba and Nuweiba near the Israeli border, injuring six, originated in the southern Red Sea. The region will becoming a ticking time bomb that impacts us all," Sisi said, speaking at a conference.
Persons: Abdel Fattah al, Sisi, Nafisa, Jason Neely, Giles Elgood Organizations: REUTERS, Israel, Thomson Locations: Suez, Cairo, Gaza, Egypt, Egyptian, CAIRO, Taba, Nuweiba, Red, Israel
Egypt's military spokesman Colonel Gharib Abdel-Hafez said two drones were fired from the southern Red Sea aiming north. Israeli military spokesperson Daniel Hagari said that combat helicopters had been scrambled when "an aerial threat was spotted in the Red Sea region". EGYPT EXPOSED"The air force and air defence force are intensifying efforts to secure Egyptian airspace on all strategic directions," the Egyptian military said. The U.S. said last week a Navy warship in the Red Sea intercepted projectiles launched by the Houthi, potentially toward Israel. Bordering both Gaza and Israel, Egypt is exposed to the conflict that blew up after Hamas' Oct. 7 assault on Israel and the subsequent bombardment of the Gaza Strip.
Persons: Ahmed Ona, Yemen's, Israel, Houthi, Gharib Abdel, Hafez, Daniel Hagari, Emily Rose, Dan Williams, Ahmed Mohamed Hassan, Nafisa Eltahir, Ahmed Tolba, Hatem Maher, Mai Shams El, Yusri Mohamed, Nayera Abdallah, Nadine Awadalla, Ahmed Elimam, Rami Ayyub, Nafisa, Michael Perry, Andrew Cawthorne, Jonathan Oatis, Cynthia Osterman Organizations: Reuters, REUTERS Acquire, Navy, Red, Thomson Locations: Red, Nuweiba, Egypt, Israel, Gaza, CAIRO, JERUSALEM, Yemen's Iran, Iran, Yemen, Taba, EGYPT, United States, Cairo, Eilat, Jerusalem, Ismailia, Dubai
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