Economy
The economy of Luxor, like that of many other Egyptian cities, is heavily dependent upon tourism. Large numbers of people also work in agriculture, particularly sugarcane.
The local economy, reliant on tourism, was greatly hit by the Luxor massacre in 1997, in which a total of 64 people (including 59 visiting tourists) were killed, at the time the worst terrorist attack in Egypt (before the Sharm el-Sheikh terrorist attacks): it reduced tourist numbers for several years. However, tourist numbers have since recovered. Following the 2011 Arab Spring, tourism to Egypt dropped significantly again affecting local tourist markets.
To make up for shortfalls of income, many cultivate their own food. Goat's cheese, pigeons, subsidized and homebaked bread and home-grown tomatoes are commonplace among the majority of its residents.
Read more about this topic: Luxor
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)