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Tuesday, 28 February 2017

On the horizon

Russian flights to Egypt could “in principle” resume in March, Russia’s Transport Minister Maksim Sokolov told Sputnik. Even if flights resume next month, tourism expert Essam Aly tells the Russian news agency he expects Russian tourists would only start returning to Egypt by 15-20 April, in time for the Easter Holidays. Sokolov had also added that he expects Russian carrier Aeroflot to be the first Russian airline to resume flying to Egypt and would start with direct flights to Cairo first. We love Sokolov’s optimism, but we’ll believe this is happening when the first sandal-clad Russian foot touches down in Sharm.

UK Prime Minister Theresa May will visit Egypt sometime in May, Ian Gray, Chairman of the Egyptian British Business Council, told Al Borsa. He says the visit focus on supporting bilateral relations and exploring lifting restrictions on British tourists visiting Sharm El Sheikh. Gray added that a number of British companies are looking into investment opportunities in Egypt’s chemicals, petrochemicals, real estate, and construction sectors.

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