News in brief: tourism; online retailing; global sports

News in brief
News in brief

Tourism trade in Egypt has significantly decreased since 2010

There has been a significant decrease in tourism in Egypt since 2010, due to political events and a general feeling of insecurity.

Commenting on this drop off in the tourism trade, faculty member at London School of Marketing Jacques de Cock said: “In 2010 tourism contributed £26bn to the economy and employed 3.7 million people. By 2013 it had decreased to £20bn and 2.7 million people. This is a massive drop of about three per cent of GDP and four percent of employment.

"The impact on Egypt could wipe away all GDP growth in 2016 possibly creating further political turmoil in the country. We are still a very long way away from the 14 million and growing tourist arrivals of 2010 and Egypt will be lucky if it reaches 10 million in 2016.”

New faster services link Chinese retailers with UK online shoppers

Royal Mail and Alibaba have announced that they have strengthened their strategic arrangement with the launch of new services to link Chinese sellers directly with UK online shoppers.

AliExpress, Alibaba Group's global retail marketplace for consumers, will offer Chinese exporters new Royal Mail shipping solutions, providing a fast, high quality, secure UK delivery option. Delivery is within two weeks, much faster than standard international postage, as it directly links international airfreight with Royal Mail's UK network.

Director at Royal Mail International Richard Snowdon said: "We are focused on our strategy of growing import and export volumes, and developing e-commerce solutions is an important part of that. Faster, secure, high quality delivery options are key, as parcel transit times and tracking visibility are important to international e-retailers and consumers alike. China is Royal Mail's largest import country partner, and Royal Mail's new service for AliExpress further complements this important strategic partnership."

Wales praised by ministers for punching above its weight on the global sports stage

UK government ministers have praised Wales for its efforts in the Welsh Rugby World Cup, as well as its confidence and ambition in driving the sporting sector forward.

Wales Office Minister Alun Cairns welcomed UK Sports Minister Tracey Crouch to south Wales to visit some of the facilities that are becoming the breeding grounds for Welsh sporting success. While at the centre, the Ministers helped launch this season’s British and Irish Cup, a competition that brings together clubs from across the home nations and helps bring on rugby’s rising stars.

Wales Office Minister Alun Cairns said: “Passion and commitment to sport is a defining feature of Wales. For a small nation, we punch well above our weight on the global sporting stage, with successes across the board.

“Our brilliant teams and athletes are inspiring the next generation of sporting stars and promoting Wales as a leading destination for world class sport – contributing millions to the Welsh economy and attracting visitors from around the world to our stadiums.”