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Wednesday, 1 February 2017

On the horizon

23 February is penciled in as a potential date for the resumption of flights between Egypt and Russia, state news service Sputnik reported, citing Izvestia newspaper. The resumption would restore flights between Russian cities and Cairo, Hurghada, and Sharm El Sheikh. “This will happen only in case the Egyptian side complies with all the security requirements," a source from the “Russian foreign policy circles” said, reportedly. Russian inspectors are due in Cairo sometime this week for “final” security inspections and Civil Aviation Minister Sherif Fathi will visit Russia on 8-9 February to meet with Russian officials.

Emirates NBD PMIs for Egypt, the UAE and Saudi Arabia are due to be released on Sunday, 5 February.

The Central Bank of Egypt’s Monetary Policy Committee will meet on Thursday, 16 February, to review interest rates.

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