Egypt, Türkiye Boost Cooperation Through Air Travel, Tourism

Turkish Airlines’ celebration on Friday marking 75 years since its first flights to Cairo. (Egyptian Ministry of Civil Aviation)
Turkish Airlines’ celebration on Friday marking 75 years since its first flights to Cairo. (Egyptian Ministry of Civil Aviation)
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Egypt, Türkiye Boost Cooperation Through Air Travel, Tourism

Turkish Airlines’ celebration on Friday marking 75 years since its first flights to Cairo. (Egyptian Ministry of Civil Aviation)
Turkish Airlines’ celebration on Friday marking 75 years since its first flights to Cairo. (Egyptian Ministry of Civil Aviation)

Egypt and Türkiye are strengthening their cooperation and “strategic partnership” by boosting air traffic and tourism as the two countries mark 75 years since the first flight between them.

Egyptian Minister of Civil Aviation Sameh el-Hefny said on Friday that the celebration sent “a positive message reflecting the depth of the historic and strategic relations between Egypt and Türkiye.”

He said the ties were seeing “remarkable development”, opening broader prospects for more partnerships in civil aviation, expanding operations and exchanging expertise in a way that serves the two countries’ shared economic interests.

Egyptian-Turkish relations have grown over recent years, witnessing a significant improvement, exchanges of presidential visits and the expansion of economic activities.

The minister of civil aviation took part on Friday in a celebration organized by Turkish Airlines to mark 75 years since the launch of its first flights to Cairo. The event was attended by Türkiye’s ambassador to Egypt, Salih Mutlu Sen, and aviation sector leaders from both countries.

According to a statement by the Egyptian government, the occasion comes amid the remarkable recent development witnessed by Egyptian-Turkish relations, reflecting continued coordination and a shared will to expand areas of cooperation, particularly in air transport, tourism and investment, which are key pillars for supporting regional integration and achieving sustainable development.

El-Hefny said the Turkish national carrier’s continued operation in the Egyptian market for more than seven decades “is clear testimony to the strength of bilateral relations and mutual confidence in opportunities for growth and expansion.”

The civil aviation sector is a vital track for supporting Egyptian-Turkish relations because of the opportunities it provides to boost tourism and trade, he added.

The Ministry of Civil Aviation attaches great importance to strengthening cooperation with various international airlines, in line with the Egyptian state’s vision to attract more air traffic and expand its network of links with regional and international markets, helping consolidate Egypt’s position as a key civil aviation hub in the region, he stressed.

Egypt relies on tourism as one of its most important sources of national income. The government announced last week that “monthly growth in the tourism sector has reached 20 percent since the beginning of the current year compared with the same period last year, 2025.”

The Ministry of Tourism and Antiquities also said at the time that “2025 ended with notable growth in tourism movement, reaching 21 percent compared with 2024.”

Karam Saeed, an expert on regional affairs and deputy editor-in-chief of Democracy Magazine, said the celebration marking 75 years since the first flight, preceded by celebrations of 100 years since the establishment of diplomatic relations between Egypt and Türkiye, as well as the convening of the Higher Strategic Council, were important indicators at carefully chosen times.

“Türkiye is one of the countries with abundant production of aircraft fuel, and I believe this cooperation is not separate from Egypt’s desire to benefit from this,” he told Asharq Al-Awsat.

“Türkiye may lose part of Gulf tourism because of the repercussions of the Iranian war, and therefore the Egyptian market represents an important alternative or tributary to compensate for a potential decline in Gulf and Iranian tourism to Türkiye,” he added.

Egypt and Türkiye are promising markets for tourism exchanges because of their historic and cultural proximity, he went on to say. Egypt is a suitable destination for Turkish tourists, while Türkiye offers an attractive climate for Egyptian tourists, in addition to the use of flights for commercial purposes.

The Turkish ambassador to Cairo said on Friday that “Turkish Airlines’ continued presence in the Egyptian market throughout these years reflects the strength and solidity of relations between the two countries, and demonstrates the great confidence enjoyed by the Egyptian market as one of the most important strategic markets for the Turkish national carrier in the region.”

He explained that Turkish Airlines’ journey in the Egyptian market has seen notable growth since the launch of its first flights to Cairo on May 14, 1951, at a rate of two flights per week, reaching today about 32 weekly flights from Cairo, in addition to a daily flight to Egypt’s top tourist destination, reflecting growing demand for travel between the two countries.

Turkish President Recep Tayyip Erdogan visited Cairo last February and witnessed the signing of several agreements in various fields.

During a joint press conference, his Egyptian counterpart, Abdel Fattah al-Sisi, said: “There is a convergence of views on various regional and international issues between Egypt and Türkiye.”



World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
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World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)

World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6% higher than a year earlier, the United Nations' Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which tracks monthly changes in international prices for a basket of food commodities, ‌averaged 133.9 points ‌in October, down from a revised ‌135.6 ⁠in September.

The index ⁠was 5.9% higher than a year earlier, but remained 16.4% below its March 2022 peak.

FAO's cereal price index fell 4.5% from September and was 12.6% lower than a year ago, as wheat and maize quotations declined. Wheat prices eased on weak import demand ⁠and improved production prospects, especially in Argentina.

"Expectations of ‌easing constraints on Black ‌Sea export flows added to the downward pressure on prices, ‌although continued disruptions to Black Sea logistics limited the decline," ‌FAO said in a statement.

Maize prices also eased after reaching a three-year high in September, pressured by the US harvest, expectations of ample supplies in South America and renewed ‌prospects of easing tensions in the Black Sea region.

Vegetable oil prices edged up 0.3%, ⁠as ⁠higher soybean and sunflower oil prices more than offset a fall in rapeseed oil prices.

Sugar prices rose 6.6%, their fourth straight monthly increase, to the highest level since December 2024, after rainfall disrupted harvesting in Brazil. They were now 28.8% above a year ago.

The dairy index fell 1.1%, as lower butter and cheese prices linked to ample supplies and subdued demand outweighed gains in milk powder.

The meat index declined 1.2%, while still slightly above its year-earlier level, as ovine and bovine meat prices fell.


Copper Falls, Set for Worst Week Since March on AI Rout

Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)
Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)
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Copper Falls, Set for Worst Week Since March on AI Rout

Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)
Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)

Copper dropped on Friday and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets.

Benchmark three-month copper on the London Metal Exchange was down 1.3% at $13,663 a metric ton by 0700 GMT. That placed it on track to fall 3.44% in the week, Reuters said.

The most-traded copper contract on the Shanghai Futures Exchange fell 1.08% to 106,830 yuan ($16,018.17) a ton.

The weakness reflects worries over AI investment, ‌with copper increasingly ‌influenced by "sentiment towards data center expansion," said ‌Craig ⁠Lang, principal analyst ⁠at CRU.

Technology shares were battered after Democratic wins in the US midterms fueled concerns that new regulatory oversight could cap the AI buildout.

On the other hand, supply constraints cushioned copper's decline.

"I would be cautious about calling this a sustained correction, given ongoing mine supply challenges and exceptionally tight ⁠metal availability outside the US," Lang said.

Copper stocks ‌in SHFE-monitored warehouses <CU-STX-SGH> fell by ‌over 24% this week to just 33,848 tons — the lowest ‌in almost three years. The closely watched Yangshan copper ‌premium <SMM-CUYP-CN>, a gauge of appetite for imports into key consumer China, increased to $210 a ton on Thursday, matching its record high.

Smelters in the country are facing a double squeeze of negative treatment ‌charges and lower sulfuric acid prices.

Meanwhile, warehouse inventories outside the US have been drawn ⁠down as ⁠material was pulled into the country ahead of a potential tariff on imports of refined copper.

"These physical constraints should provide some support against weaker investor sentiment," Lang said.

Among LME metals, aluminium lost 0.54%, zinc lost 1.42%, lead lost 0.45%, nickel dipped 0.23% and tin gained 0.83%.

On the SHFE, aluminium nudged down only 0.04%, zinc lost 1.35%, lead was little changed, down only 0.03%, nickel rose 2.14% and tin dropped 3.45%.

SHFE inventories were down across the board this week, led by sharp drops in aluminium <AL-STX-SGH> and lead <PB-STX-SGH>.


Emerging Economies Set to Match Advanced Nations’ Renewable Capacity Additions, IEA Says

Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)
Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)
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Emerging Economies Set to Match Advanced Nations’ Renewable Capacity Additions, IEA Says

Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)
Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)

Emerging ‌and developing economies outside China are expected to add as much new renewable energy capacity as advanced economies for the first time over the next five years, driven by the current energy crisis, the International Energy Agency said on Friday.

Gas and oil prices have soared this year as the US-Iran war disrupts traffic through the Strait of Hormuz, a key route for global oil and gas trade.

Global renewable energy ‌capacity is forecast ‌to increase by almost 4,800 gigawatts ‌between ⁠2026 and 2031, ⁠the IEA said in its annual outlook.

Emerging and developing economies are expected to add about 1,100 GW, roughly the same as advanced economies, with China adding around 2,550 GW, the agency said.

Capacity growth in Southeast Asia, Africa and the Middle East is ⁠expected to triple over the period, ‌led mainly by solar installations, ‌the IEA said.

China will remain the biggest contributor to ‌global renewable energy growth, although its share is ‌forecast to fall to 53% by 2031 from 60% in 2025.

India is emerging as the world's second-fastest deployer of renewables and is expected to more than double its contribution ‌to global growth by 2031 to nearly 8.5%.

Grid connection delays remain ⁠a major ⁠challenge, with projects awaiting connections worldwide rising 60% over the past year, equivalent to four times the wind and solar capacity connected to grids during the same period.

Grid constraints are expected to slow growth in advanced economies, with annual additions in Europe through 2031 forecast to remain broadly in line with 2025 levels.

Renewable energy is expected to meet 6% of global transport energy demand by 2031, while higher fuel-blending mandates prompted the IEA to raise its biofuels forecast by 40% from last year's report.