Vendors show their Islamic and Arabian goods in a popular tourist area named "Khan el-Khalili" in al-Hussein and Al-Azhar districts in old Islamic Cairo, Egypt, November 26, 2017. REUTERS/Amr Abdallah Dalsh
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The mosque attack in Egypt's Sinai may only strengthen the view that the country needs continued IMF support as agreed a year ago and the economy is likely to quickly shake off any negative repercussions, economists say. Gunmen carrying the flag of Daesh (ISIS) killed more than 300 worshipers in the attack on the mosque, the worst such attack by militants in Egypt's modern history. The state statistics agency CAPMAS said 826,000 tourists arrived in October, the highest number in two years but still well below the 1.49 million who visited Egypt in October 2010 .An IMF team this month completed its second review of Egypt's performance since agreeing to a $12 billion, three-year loan agreement a year earlier and the IMF board is expected to approve a third disbursement of funds, equal to $2 billion, within weeks.Egypt's main share index, the EGX30, climbed 0.8 percent Sunday, the first trading day after the attack.
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