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.”



Iraq Raises Oil Export Capacity to More Than 3 Million Barrels Per Day

FILE PHOTO: The Zubair Oil Field in Basra, Iraq, April 6, 2026. REUTERS/Mohammed Aty/File Photo
FILE PHOTO: The Zubair Oil Field in Basra, Iraq, April 6, 2026. REUTERS/Mohammed Aty/File Photo
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Iraq Raises Oil Export Capacity to More Than 3 Million Barrels Per Day

FILE PHOTO: The Zubair Oil Field in Basra, Iraq, April 6, 2026. REUTERS/Mohammed Aty/File Photo
FILE PHOTO: The Zubair Oil Field in Basra, Iraq, April 6, 2026. REUTERS/Mohammed Aty/File Photo

Iraq has raised its oil export capacity to more than 3 million barrels per day, Iraq's oil minister said, according to state media on Saturday.

Iraq has been able to export 3 ⁠million bpd since ⁠the beginning of September, state media said.

Oil Minister Basim Mohammed said the government plans to increase capacity ⁠to 5 million bpd after the completion of strategic pipelines and export outlets through the Strait of Hormuz, according to state media.

Iraq's oil exports rose to around 2.34 million bpd in August, according ⁠to ⁠officials.

Industry sources and shipping data had indicated that September shipments were set to climb, as big profits and Iranian approval for its tankers to pass through the Strait of Hormuz have encouraged buyers.


China to Pump $47 Bln Into State Banks, Insurers in Capital-boosting Push

Construction cranes rise above a newly built residential district before sunrise, in Beijing, China, September 3, 2026. REUTERS/Maxim Shemetov
Construction cranes rise above a newly built residential district before sunrise, in Beijing, China, September 3, 2026. REUTERS/Maxim Shemetov
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China to Pump $47 Bln Into State Banks, Insurers in Capital-boosting Push

Construction cranes rise above a newly built residential district before sunrise, in Beijing, China, September 3, 2026. REUTERS/Maxim Shemetov
Construction cranes rise above a newly built residential district before sunrise, in Beijing, China, September 3, 2026. REUTERS/Maxim Shemetov

China's finance ministry will inject 57 billion yuan ($8 billion) into three state-owned insurers, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.

China Life Insurance (Group) Co, the country's largest life insurer, will receive 35 billion yuan, while China Taiping Insurance Group will get 7 billion yuan, the two groups said in statements, according to Reuters.

People's ⁠Insurance Company (Group) of China ⁠said it planned to raise up to 15 billion yuan through a private placement of A-shares to the Ministry of Finance, with the proceeds to be used to replenish its capital.

"The injection is an important ⁠step by the country to enhance the financial sector's ability to serve the real economy and promote the high-quality development of the financial and insurance industries," China Life said in its statement, adding that it would strengthen the group's ability to withstand risks.

Taiping said the funds would bolster its solvency and other key indicators.

Separately, Agricultural Bank of China and Industrial and ⁠Commercial ⁠Bank of China said they planned to raise up to 160 billion yuan and 100 billion yuan respectively through private A-share placements to the finance ministry, China National Tobacco Corp and its subsidiaries.

Both lenders said the proceeds would be used entirely to replenish core tier 1 capital, in a move to help sustain credit expansion as Beijing leans on state banks to support growth.


Türkiye Sees GDP Growth at 5% in 2029 in Medium-term Program

People shop at an open market in Istanbul, Türkiye, December 5, 2022. REUTERS/Dilara Senkaya/File Photo
People shop at an open market in Istanbul, Türkiye, December 5, 2022. REUTERS/Dilara Senkaya/File Photo
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Türkiye Sees GDP Growth at 5% in 2029 in Medium-term Program

People shop at an open market in Istanbul, Türkiye, December 5, 2022. REUTERS/Dilara Senkaya/File Photo
People shop at an open market in Istanbul, Türkiye, December 5, 2022. REUTERS/Dilara Senkaya/File Photo

Türkiye's government projects gross domestic product growth accelerating to 5% by 2029, up from 3.3% forecast for this year, Vice President Cevdet Yilmaz said on Sunday while presenting ⁠the country's medium-term economic ⁠program.

Here are some details:

Inflation is forecast at 21% in 2027 and 13.5% in ⁠2028 before reaching 9% in 2029.

GDP growth seen at 4.2% in 2027, 4.6% in 2028 and 5% in 2029.

Budget deficit-to-GDP ratio projected at 3.5% in ⁠2027, falling ⁠to 3.1% in 2028, and 2.8% in 2029.

Unemployment seen at 8.1% in 2026, easing gradually to 7.6% by 2029.