The letter includes a number of requirements, mainly a photocopy of the latest financial statements approved by the company and its accountant whether in the form of annual financial statements until 31 December 2016 or other financial statements, as well as a list of the employees recorded on CD. The emergency fund requires obtaining an authorisation from the company or the hotel that they received the cheque after having the approval of various tourism chambers belonging to the Egyptian Federation of Tourism Chambers. It will exclude the companies whose financial statements show that they make profit. According to an official at the Ministry of Manpower, the tourism establishments that do not pay their dues to the fund and those that have filed lawsuits against the fund will not receive the allowances unless they withdraw their lawsuits. The number of direct workers in the tourism sector before 25 January 2011 reached 1.8-2 million workers, of which there were more than 900,000 workers in hotels and about 500,000 in tourist restaurants, and the rest is distributed to tourism companies and diving centers.

Source: Daily News Egypt July 06, 2017 07:07 UTC