Cairo Reports 'Positive Indicators' for Inbound Tourism Movement

Tourists take a photo in front of the Great Giza pyramids on the outskirts of Cairo (Reuters)
Tourists take a photo in front of the Great Giza pyramids on the outskirts of Cairo (Reuters)
TT

Cairo Reports 'Positive Indicators' for Inbound Tourism Movement

Tourists take a photo in front of the Great Giza pyramids on the outskirts of Cairo (Reuters)
Tourists take a photo in front of the Great Giza pyramids on the outskirts of Cairo (Reuters)

Egyptian Minister of Tourism and Antiquities, Ahmed Issa, stated that Egypt has achieved a record performance in the tourism industry over the past 6 months, with an increase in the number of incoming tourists.

The Minister reviewed during a meeting of the Board of Directors of the Tourism and Antiquities Support Fund, on Thursday, the "positive indicators of inbound tourism movement to Egypt," which has positively reflected on the financial performance and revenues of the fund.

This period saw the highest rates of inbound tourism movement in Egypt's history of tourism, compared to the same period in 2010, which was the highest rate at that time, according to a statement from the Egyptian Ministry of Tourism and Antiquities.

The Minister stressed the need to measure and follow up on the performance, quality, and accuracy of available data regarding the sector and its activity, which is crucial for making fact-based decisions contributing to its development and advancement.

Last year, 11.7 million tourists arrived in Egypt, compared to eight million in 2021, according to official statistics.

The Minister announced last month that Egypt received about seven million tourists during the first five months of the year and aims to receive 15 million by the end of the year.

Egypt is seeking 18 to 20 million tourists in 2024.

The head of the Committee for Promotion of Cultural Tourism in Luxor, Mohamed Othman, believes that several reasons resulted in positive indicators in inbound tourism.

Othman explained to Asharq Al-Awsat that the successful archaeological discoveries during the last period, the development of Sphinx and Bernice airports, and new government facilities to obtain tourist visas helped increase tourism movement into the country.

The expert echoed the Minister's predictions, agreeing that the country is expected to attract 15 million tourists until the end of the year, coming mainly from China, India, and Japan.

Meanwhile, an Egyptian private plane made an "emergency" landing at the Aktobe International Airport in Kazakhstan, following a false alarm in the luggage storage area, according to the Egyptian Ministry of Civil Aviation.

A source stated that the Egyptian plane was heading from Sharm el-Sheikh Airport to Nur-Sultan Airport in Kazakhstan, and alarms went off three and half hours after takeoff.

"Immediately, this warning was addressed seriously, and all internationally applicable air safety rules were followed, which required extinguishing the fire and landing at the nearest airport," the statement added.

The source confirmed that the pilot and co-pilot activated the fire extinguishing system, and all alarm warnings on the plane stopped. They headed towards Aktobe Airport, the nearest airport for landing, and the aircraft landed safely.

The passengers were evacuated, and the baggage stores were evacuated.

According to the Ministry of Civil Aviation, the airport authorities reviewed all the procedures taken by the company and re-authorized take off again after ensuring that they applied all international standards for air maintenance and safety procedures.

A malfunction of the fire detection system in the cockpit was confirmed, and there was no trace of fire or smoke in any of the luggage stores.

The plane continued its flight to Nur-Sultan Airport in Kazakhstan.



Riyadh Air Wins Approval to Operate US Flights

 A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)
A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)
TT

Riyadh Air Wins Approval to Operate US Flights

 A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)
A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)

Saudi Arabia's new airline Riyadh Air won the right to operate flights to and from the United States, the US Transportation Department said in an order Tuesday.

The airline launched its first London flight on its new Boeing fleet last week. Launched in 2023, Riyadh Air is Saudi Arabia's second national airline ‌after Saudia, ‌and is owned by the country's ‌Public ⁠Investment Fund.

USDOT ⁠said "the grant of this authority is consistent with the public interest."

Riyadh Air told USDOT when it sought approval last month that it intends to operate to more than 100 international destinations by 2030 and currently ⁠has or is planning partnerships with ‌at least 10 ‌international air carriers including Delta Air Lines.

Delta has said ‌it plans to begin nonstop service ‌to Riyadh from Atlanta in October.

Deliveries are set to bring its fleet to eight by the end of July, and it plans to fly ‌to 22 cities by March 2027, Riyadh CEO Tony Douglas said last ⁠week.

With ⁠up to 72 787s and as many as 60 A321neos and 50 A350s on order, Douglas calls it "the biggest global aviation startup in modern history".

The airline is part of the Kingdom's plan to diversify its economy into new industries such as tourism, logistics and technology.

Riyadh Air has announced routes to Cairo, Dubai, Jeddah, Madrid and Manchester so far, and cities in India are likely to follow, Douglas said.


Exxon Mobil to Supply South Africa's First Planned LNG Terminal

AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP
AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP
TT

Exxon Mobil to Supply South Africa's First Planned LNG Terminal

AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP
AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP

Exxon Mobil has signed a preliminary deal to supply liquefied natural gas to Zululand Energy Terminal, which will be South Africa's first LNG import facility once built, the companies said on Wednesday.

The planned terminal is part of South Africa's pivot away from coal-fired power generation, which accounts for the bulk of its electricity supply.

Reuters reported in March that the Zululand Energy Terminal (ZET) hoped to strike a deal with Exxon Mobil on LNG supply.

Exxon Mobil's ⁠participation helps reinforce ⁠the importance of Richards Bay port, where ZET is being built on South Africa's east coast, as an entry point for LNG and supports plans to unlock a "competitive and sustainable gas market", said Oliver Naidu, ZET director.

Exxon Mobil has identified South Africa ⁠as a priority market and wants to grow its LNG supply to more than 40 million metric tons per annum (mtpa) by 2030.

"This agreement reflects Exxon Mobil's global LNG experience and our commitment to support South Africa's energy security with reliable supply," said Andrew Barry, chairman of ExxonMobil LNG Market Development Inc.

Earlier this month, South African state power utility Eskom signed a long-term LNG agreement with ZET that will support a planned ⁠3,000 ⁠megawatt gas-to-power plant project.

Phase 1 of the terminal includes a floating storage unit and an onshore regasification system with capacity of around 3 mtpa, or 400 million standard cubic feet of gas a day.

Phase 2, which will bring the project's total expected cost to $1 billion, will introduce extra regasification capacity and storage onshore, boosting total volumes to 4.5 mtpa, or about 600 million standard cubic feet a day, Naidu said.


IEA Sees Gradual Hormuz Recovery Tipping Into Significant 2027 Surplus

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer
TT

IEA Sees Gradual Hormuz Recovery Tipping Into Significant 2027 Surplus

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer

The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency said in its monthly oil market report on Wednesday.

The US and Iran reached an agreement to end the three-month-old war, which includes Iran reopening the Strait of Hormuz ⁠and the US lifting ⁠its naval blockade, potentially bringing an end to the largest oil supply disruption in history which shut in over 14 million barrels per day of Middle East oil output, according ⁠to the IEA.

"If the deal holds, exports and production from the Gulf should see a gradual recovery – not least because Iranian oil exports can fully resume once the US blockade is lifted," the agency, which advises industrialized countries, said.

The oil market will then enter a significant supply overhang next year, the IEA said ⁠in ⁠its first look at 2027, with global oil supply set to surge by 8 million bpd and demand rising by just 2 million bpd.

"This may provide a welcome respite to the market and an opportunity to replenish depleted inventories, or to build new strategic reserves, as countries review their energy strategies and policies in response to the crisis."