{"id":558404,"date":"2021-08-09T03:51:40","date_gmt":"2021-08-09T03:51:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/this-morning-russian-flights-to-the-red-sea-return-today\/"},"modified":"2021-08-09T03:51:40","modified_gmt":"2021-08-09T03:51:40","slug":"this-morning-russian-flights-to-the-red-sea-return-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/this-morning-russian-flights-to-the-red-sea-return-today\/","title":{"rendered":"THIS MORNING: Russian flights to the Red Sea return today"},"content":{"rendered":"<p><strong>Good morning, wonderful people<\/strong>, and welcome to a fairly typical Monday on this holiday-shortened week.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>IT\u2019S A BIG DAY FOR: The tourism industry<\/strong>, as Russian flights return to the Red Sea. The first flights from Moscow to Egypt\u2019s Red Sea coast in six years are set to land in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ee0a12-f801-4476-a5bf-775ddebde97c\">Hurghada<\/a> and <a href=\"https:\/\/bit.ly\/2VyT03E\">Sharm El Sheikh<\/a>, bringing to an end a six-year ban.<\/p>\n<p><strong>The first direct EgyptAir flight from Moscow to the Red Sea will land in <\/strong><strong>Hurghada today at <\/strong><strong>9am CLT<\/strong>, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/196680822502346\">statement<\/a>, with the national flag carrier expected to run seven weekly flights from Moscow \u2014 three to Sharm El Sheikh and four to Hurghada.<\/p>\n<p><strong>Could <\/strong><strong>that number be even higher? <\/strong>Egypt\u2019s ambassador to Moscow, Ehab Nasr, told Sada El Balad that EgyptAir will run 10 direct flights a week divided equally between the two Red Sea resorts (<a href=\"https:\/\/www.youtube.com\/watch?v=sMrTM2qUPqA\">watch, runtime: 22:37<\/a>). The EgyptAir flight to Hurghada this morning will bring as many as 320 Russian tourists the Red Sea resort Nasr told Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=XBTRRFnTKpA\">watch, runtime: 18:32<\/a>), adding that Rossiya Airlines will also run 10 direct flights a week divided between Hurghada and Sharm El Sheikh.<\/p>\n<p><strong>Inflation figures for July should be out tomorrow.<\/strong> Inflation bucked the global trend in June, remaining effectively flat even as countries around the world see prices rise at a pace not seen in years. Price growth in Egypt ticked up to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cbe1f778-c531-4f1d-869e-7bc2c2b06833\">4.9% in June<\/a>, from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a19da710-1330-415c-8993-290f63133dcb\">4.8%<\/a> the month previously thanks to a favorable base effect and a deceleration of food prices.<\/p>\n<p><strong>PSA- We\u2019re feeling a bit European this morning, so our popular weekly verticals are on <\/strong><strong>hiatus. <\/strong>Each week, we take deep dives into infrastructure, education and the green economy in weekly verticals brought to you in association with some of the biggest names in each field. (Orascom Construction, CIRA and Infinity, if you\u2019re keeping track at home.) Just as many European publications put special sections on hiatus in August (and as many offices there close for extended breaks), we\u2019re giving our people the chance to catch a breather while so many of us are in Sahel. <strong>Hardhat, Blackboard and Going Green will be back soon.<\/strong> \ud83d\ude42<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from yesterday\u2019s edition of <strong>EnterprisePM:<\/strong><\/p>\n<ul>\n<li><strong>Corps-Solutions bond sale in 4Q2021:<\/strong> EFG Hermes Corp-Solutions <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f074b677-501b-4238-9789-fd2db1308d5b\">plans to raise EGP 500-700 mn<\/a> from a securitized bond issuance in 4Q2021<\/li>\n<li><strong>Taaleem could be in the market for an acquisition:<\/strong> Higher education outfit Taaleem could <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bbd80a5b-bc3a-42ad-986c-283e849d2dc6\">potentially acquire an unnamed local education provider<\/a>, Managing Director Mohamed El Rashidi reportedly said.<\/li>\n<li><strong>New EGX closing price mechanism:<\/strong> The EGX\u2019s new mechanism for calculating closing share prices will come into effect on 2 September.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD- Covid-19 and China (as two separate stories) dominate the <\/strong><strong>headlines<\/strong> in the international business press on a typically slow Monday morning. The delta variant of the virus that causes covid-19 is <a href=\"https:\/\/www.wsj.com\/articles\/companies-thought-they-had-a-plan-for-fall-now-they-are-scrapping-it-11628415001\">delaying plans in the US to send workers back to the office and forcing the cancellation of events<\/a>, the Wall Street Journal reports. It\u2019s a sign that <a href=\"https:\/\/www.cnbc.com\/2021\/08\/09\/covid-epidemiologist-larry-brilliant-on-delta-variant-vaccinations.html\">the pandemic is \u201cnot coming to an end soon\u201d<\/a> because so little of the world is vaccinated, CNBC quotes renowned epidemiologist Larry Brilliant as saying in its lead story this morning.<\/p>\n<p><strong>Meanwhile, the Financial Times is still focused on Xi Jinping\u2019s capitalist smackdown<\/strong>, writing that <a href=\"https:\/\/www.ft.com\/content\/7e6f9a08-37be-4ab3-ae15-953533ab33b5\">Chinese tech tycoons have lost a combined USD 87 bn in wealth<\/a> in the wake of the crackdown.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>MARKET WATCH- Global investors head for safety on delta fears:<\/strong> Inflows into global bond and money market funds rose last week as investors sought safer assets in response to rising concerns about the economic impact of the delta covid variant, <a href=\"https:\/\/www.reuters.com\/business\/global-markets-flows-graphics-2021-08-06\/\">Reuters<\/a> reported citing data from Lipper. Money market funds saw inflows of USD 36.68 bn, their highest in 10 weeks, while global bond fund inflows doubled in a week to hit USD 14.6 bn. US 10-year treasury-bond yields hit a six-month low as bonds rallied in the US, Europe, and to a lesser extent Asia.<\/p>\n<p><strong>Global equity funds, meanwhile, saw modest inflows of USD 9.4 bn, marking a 47% weekly drop, <\/strong>as optimism over strong earnings reports was tempered by covid concerns.<\/p>\n<p><strong>Emerging markets bucked the trend:<\/strong> EM equity funds saw net inflows of USD 2.8 bn last week, the biggest weekly inflow in more than four months, according to an analysis of nearly 24k EM funds. Conversely, EM bond funds saw USD 190 mn in net outflows.<\/p>\n<hr class=\"grey-line\">\n<p><strong>MORNING MUST READ- Huawei \u2014 a leader in 5G tech \u2014 isn\u2019t offering 5G in its newest <\/strong><strong>smartphones:<\/strong> The Chinese telecom giant\u2019s <a href=\"https:\/\/www.theverge.com\/2021\/7\/29\/22598135\/huawei-p50-china-release-date-price-news-features-specs-cameras\">latest flagship models P50 and P50 Pro<\/a> may be much slower than potential buyers anticipate as they operate on 4G, not 5G, <a href=\"https:\/\/www.ft.com\/content\/79e3f647-adc5-4820-b5e9-25342b9aa996\">the Financial Times<\/a> reports. Blame it on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6e65b99c-c557-4abb-b0fa-f92bc36382a5\">US sanctions<\/a> as well as supply chain disruptions that have denied the P50 the components needed for ultrafast 5G connections. In turnabout for a company that just a year ago claimed <a href=\"https:\/\/www.cfr.org\/blog\/china-huawei-5g\">a global leadership position in high-speed tech<\/a>, the product\u2019s 4G launch shows Huawei has so far failed to find viable alternative parts and workarounds from its domestic suppliers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people, and welcome to a fairly typical Monday on this holiday-shortened week. IT\u2019S A BIG DAY FOR: The tourism industry, as Russian flights return to the Red Sea. The first flights from Moscow to Egypt\u2019s Red Sea coast in six years are set to land in Hurghada and Sharm El Sheikh, bringing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[72,2230,505,182,270,954,238,234,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558404","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-huawei","tag-hurghada","tag-inflation","tag-russia","tag-sharm-el-sheikh","tag-tourism","tag-travel","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"234df32f-1517-4870-b4dd-a4b8555fb036","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[558402],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS MORNING: Russian flights to the Red Sea return today - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/this-morning-russian-flights-to-the-red-sea-return-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Russian flights to the Red Sea return today\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and welcome to a fairly typical Monday on this holiday-shortened week. 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The number of direct flights between Moscow and each of the two Red Sea resorts could be upped from a current 15 up to as\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558448,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/were-very-happy-to-have-the-russians-back\/","url_meta":{"origin":558404,"position":1},"title":"We\u2019re very happy to have the Russians back","author":"enterpriseam admin","date":"10 August 2021","format":false,"excerpt":"On an otherwise quiet summer evening on the airwaves last night, the Great Russian Return drove conversation: The nation\u2019s talking heads fixated on the arrival of the first Moscow-Hurghada and Moscow-Sharm El Sheikh flights in six years, bringing more than 800 Russian tourists to Red Sea resorts. The Russian state\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/138.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563798,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/russian-flights-to-the-red-sea-to-resume-in-2-weeks\/","url_meta":{"origin":558404,"position":2},"title":"Russian flights to the Red Sea to resume in 2 weeks","author":"enterpriseam admin","date":"25 July 2021","format":false,"excerpt":"Russia to make its long-awaited return to Egypt on 9 August: Flights between Moscow and Egypt\u2019s Red Sea resorts will resume on 9 August following a six-year hiatus, Russian news agency Tass reports, citing a statement by Russia\u2019s anti-coronavirus crisis center on Friday.What\u2019s the plan? Five flights will run each\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/225.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592729,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/will-the-russians-resume-flights-to-egyptian-resorts\/","url_meta":{"origin":558404,"position":3},"title":"Will the Russians resume flights to Egyptian resorts?","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"Are the Ruskies going to follow the UK\u2019s lead and finally resume flights to Sharm? A delegation of Russian officials is due in town in the next few days to look into resuming flights from Moscow to Egypt\u2019s Red Sea resorts, Civil Aviation Minister Younes El Masry said, according to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599710,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/turkish-airlines-to-begin-in-jan-end-daily-moscow-red-sea-flights-through-istanbul\/","url_meta":{"origin":558404,"position":4},"title":"Turkish Airlines to begin in Jan-end daily Moscow-Red Sea flights through Istanbul","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"Russians will be able to fly to Sharm El Sheikh and Hurghada through Istanbul aboard two daily Turkish Airlines flights from Moscow launching by month-end, Global Travel International (GTI) Chairman Ali Okda said. \u201cThis indicates that as soon as the Russian government lifts its ban on [direct flights to] Sharm\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564192,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/russia-triples-flights-to-hurghada-sharm-el-sheikh\/","url_meta":{"origin":558404,"position":5},"title":"Russia triples flights to Hurghada, Sharm El Sheikh","author":"enterpriseam admin","date":"16 August 2021","format":false,"excerpt":"Russia will triple the number of weekly flights from Moscow to Sharm El Sheikh and Hurghada starting 27 August, RT reports, citing a statement from Russia\u2019s covid advisory panel. The committee named Egypt as one of five countries to see an increase in Russian passenger flights, with each of the\u2026","rel":"","context":"In &quot;SPEED ROUND: TOURISM&quot;","block_context":{"text":"SPEED ROUND: TOURISM","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/441.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=558404"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558404\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/558402"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558404"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558404"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}