{"id":689641,"date":"2026-03-25T00:00:00","date_gmt":"2026-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=689641"},"modified":"2026-03-25T03:39:26","modified_gmt":"2026-03-25T03:39:26","slug":"israels-arkia-airlines-moves-flights-to-egypts-taba-to-bypass-wartime-airspace-restrictions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/israels-arkia-airlines-moves-flights-to-egypts-taba-to-bypass-wartime-airspace-restrictions\/","title":{"rendered":"Israel\u2019s Arkia Airlines moves flights to Egypt\u2019s Taba to bypass wartime airspace restrictions"},"content":{"rendered":"<p class=\"tag-border-left\">Israel\u2019s Arkia shifts some flights to Egypt as airspace tightens<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Israel\u2019s<\/strong><strong> second-largest airline Arkia Airlines is moving its operations to<\/strong><strong> Egypt\u2019s Taba and Jordan\u2019s Aqaba as restrictions tighten at Ben Gurion Airport<\/strong>, including a 50-passenger per departure cap, effectively shutting down regular aviation activity, the airline said in a statement. To keep routes financially viable, the airline organizes bus shuttle services to Taba International Airport just across the border to continue its routes to Athens, Larnaca, and Batumi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Apache hits gas in the Western Desert <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>U<\/strong><strong>S en<\/strong><strong>ergy <\/strong><strong>player Apache has made a new discovery in the Western Desert <\/strong><strong>that would add 26 mmcf\/d of gas and 2.7k bbl \/ d of condensate<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/16reyS8Ckq\/\" style=\"\">statement<\/a> from the Oil Ministry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Qalaa Holding sees recovery in revenues in 3Q 2025 <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qalaa<\/strong><strong> H<\/strong><strong>olding<\/strong><strong>s\u2019 revenues inched up 2% y-o-y in 3Q 2025 to EGP 38.3 bn<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1085.pdf\" style=\"\">late<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/3\/1085.pdf\" style=\"\">st earnings release (pdf)<\/a>. However, the company\u2019s bottom line fell 29% y-o-y to EGP 81.4 mn as the company paid off interest from a 2024 debt restructuring agreement with local banks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The revenue growth was driven by the Egyptian Refining Company <\/strong>(ERC) \u2014 which contributed 88% of Qalaa Holdings\u2019 total revenue \u2014 as it recovered from a previous maintenance shutdown in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/04\/serenity-commits-egp-5-bn-to-professionalizing-the-egyptian-afterlife\/\" style=\"\">2Q 2025<\/a>. While ERC\u2019s revenue remained steady, its bottom line jumped 437% y-o-y to EGP 931.7 mn during the same period, thanks to higher refining margins.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When excluding ERC\u2019s revenues, Qalaa\u2019s top line grew 29% y-o-y to EGP 4.5 bn during<\/strong><strong> the quarter<\/strong>, as the rest of its portfolio companies saw \u201csolid growth.\u201d <\/p>\n<p class=\"tag-border-left\">AAIB posts 20% y-o-y increase in net income in 2025 <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong>A<\/strong><strong>rab African International Bank (AAIB) saw its net income rise 20% y-o-y<\/strong><strong> to USD 362.1 mn in 2025<\/strong>, according to the lender\u2019s latest earnings release seen by EnterpriseAM. Meanwhile, net banking income inched up 2% y-o-y to USD 714.3 mn during the same period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lending remained solid, with loans up 27% y-o-y to USD 5.0 bn<\/strong>, with net interest income also up 4% y-o-y to USD 602 mn during the year. The bank\u2019s deposits expanded by 9% y-o-y to USD 14.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis<\/strong>, the bank saw its net income surge 68% y-o-y to USD 106.7 mn, while revenue jumped 28% y-o-y to USD 189.0 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Israel\u2019s Arkia shifts some flights to Egypt as airspace tightens Israel\u2019s second-largest airline Arkia Airlines is moving its operations to Egypt\u2019s Taba and Jordan\u2019s Aqaba as restrictions tighten at Ben Gurion Airport, including a 50-passenger per departure cap, effectively shutting down regular aviation activity, the airline said in a statement. To keep routes financially viable, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":689642,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,528,204,302,72,613,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-689641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-banking","tag-earnings","tag-enterpriseam","tag-qalaa-holdings","tag-transport","wpautop","entry"],"acf":{"mongo_id":"c2e7994c-5b56-41f9-b963-e28b448256d7","order":"9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/1147.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Israel\u2019s Arkia Airlines moves flights to Taba International Airport","related_issue":[689627],"teaser":""},"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>Israel\u2019s Arkia Airlines moves flights to Egypt\u2019s Taba to bypass wartime airspace restrictions - 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\/2026\/03\/25\/israels-arkia-airlines-moves-flights-to-egypts-taba-to-bypass-wartime-airspace-restrictions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Israel\u2019s Arkia Airlines moves flights to Egypt\u2019s Taba to bypass wartime airspace restrictions\" \/>\n<meta property=\"og:description\" content=\"Israel\u2019s Arkia shifts some flights to Egypt as airspace tightens Israel\u2019s second-largest airline Arkia Airlines is moving its operations to Egypt\u2019s Taba and Jordan\u2019s Aqaba as restrictions tighten at Ben Gurion Airport, including a 50-passenger per departure cap, effectively shutting down regular aviation activity, the airline said in a statement. 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