{"id":707888,"date":"2026-06-04T00:00:00","date_gmt":"2026-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=707888"},"modified":"2026-06-04T02:57:03","modified_gmt":"2026-06-04T02:57:03","slug":"tourism-ministry-ups-charter-flight-incentives-to-usd-165-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/04\/tourism-ministry-ups-charter-flight-incentives-to-usd-165-mn\/","title":{"rendered":"Tourism Ministry ups charter flight incentives to USD 165 mn"},"content":{"rendered":"

The Tourism Ministry is allocating USD 165 mn to its <\/strong>charter flight incentive <\/strong>program in FY 2026\/27 <\/strong>\u2014 a 6.4% increase from the current FY, Al Arabiya<\/a> reports, citing unnamed sources. The bump is a direct response to rising jet fuel prices, with the ministry looking to encourage airlines to operate more flights to Egyptian tourist routes. The program covers most major resort gateways, including Red Sea airports, Sharm El Sheikh, Taba, Luxor, Aswan, Borg El Arab, and Alamein.<\/p>\n

Why this matters:<\/strong> The charter flight incentive program delivered a USD 66.5 return on investment for every USD spent in 1Q 2026. This helped drive a 43.5% y-o-y surge in total tourist arrivals to 5.6 mn for the quarter, Tourism Minister Sherif Fathi said last month<\/a>. The government is layering these subsidies with an exceptional three-month package<\/a> of reduced ground handling and service fees at Hurghada and Sharm El Sheikh airports to boost summer flight capacities. Private capital is also moving in to capture demand, with local tourism giant Travco<\/a> planning to launch a charter airline in 4Q.<\/p>\n

\n

Doubling down on the Beijing hedge<\/p>\n

The Central Bank of Egypt and its Chinese counterpart renewed <\/strong>their <\/strong>currency swap agreement for another three years<\/strong>, expanding the ceiling to CNY 30 bn (c. EGP 230 bn) from CNY 18 bn, China\u2019s Xinhua<\/a> reports. <\/p>\n

Why it matters: <\/strong>Every CNY-settled transaction with China is a USD that stays in the CBE\u2019s reserves. The expanded swap offers short-term liquidity relief and a longer-term hedge, especially as Egypt absorbs the twin hit of collapsing Suez Canal revenues and volatile capital flows from the regional war. Foreign Minister Abdelatty had signaled interest in doubling the swap\u2019s value earlier this year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Egypt and China expand currency swap agreement to CNY 30 bn<\/p>\n","protected":false},"author":1,"featured_media":707889,"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":[111,528,116,72,238,12709,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-707888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-china","tag-enterpriseam","tag-tourism","tag-tourism-ministry","tag-trade","wpautop","entry"],"acf":{"mongo_id":"65f59ee4-7277-4847-a0e0-f262716c53e9","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/6\/305.jpg","photo_position":"above","homepage_title":"","full_issue_title":"USD 165 mn to keep the planes coming","related_issue":[707870],"teaser":"Plus: Egypt and China expand currency swap agreement to CNY 30 bn"},"yoast_head":"\nTourism Ministry ups charter flight incentives to USD 165 mn - 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The ministry will offer unspecified\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546315,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/giz-egypt-to-support-waste-management-strategy-with-eur-6-mn-in-funding\/","url_meta":{"origin":707888,"position":1},"title":"GIZ Egypt to support waste management strategy with EUR 6 mn in funding","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Matouk Bassiouny & Hennawy acted as the Egyptian legal counsel to Kora Capital on its participation in Paymob\u2019s USD 50 mn series B round. (Statement, pdf)The Environment Ministry is getting EUR 6 mn from GIZ Egypt to support the new national\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562948,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/the-tourism-recovery-continues\/","url_meta":{"origin":707888,"position":2},"title":"The tourism recovery continues","author":"enterpriseam admin","date":"13 June 2021","format":false,"excerpt":"Two mn tourists visited Egypt during the first five months of this year, averaging 400k people per month, Tourism Minister Khaled El Enany said during a seminar last week, according to the local press.This is almost 40% of the monthly figures we were getting before the pandemic: Egypt received just\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/168.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637075,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/tourism-ministry-approves-raising-incentives-for-charter-flights\/","url_meta":{"origin":707888,"position":3},"title":"Tourism Ministry approves raising incentives for charter flights","author":"enterpriseam admin","date":"7 November 2017","format":false,"excerpt":"The Tourism Ministry has approved raising incentives offered to airlines running charter flights to Luxor, Aswan, Marsa Matrouh, Taba, and Alamein to USD 3,000 from USD 2,000, Deputy Minister Adla Ragab tells Al Shorouk. The incentives, which include payouts and fee exemptions, are offered to flights with 50-80% seat occupancy\u2026","rel":"","context":"In "Tourism"","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":623087,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/egypt-announces-details-on-new-phase-of-charter-flights-incentive-program\/","url_meta":{"origin":707888,"position":4},"title":"Egypt announces details on new phase of charter flights incentive program","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"The second phase of the Tourism Minsitry\u2019s charter flight incentive program will run from November 2018 to the end of April 2020, according to a Tourism Ministry announcement picked up by the local press. Airlines that send between 2-25 trips to Hurghada per week will receive a cash payout of\u2026","rel":"","context":"In "Tourism"","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":560018,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/also-on-our-radar-on-11-february-2021\/","url_meta":{"origin":707888,"position":5},"title":"Also on our radar on 11 February 2021","author":"enterpriseam admin","date":"11 February 2021","format":false,"excerpt":"Samsung will manufacture 1 mn tablets each year in Egypt after being awarded a tender led by the education, communications and military production ministries, sources tell FollowICT. The tablets, which will be used to aid student learning at public schools across the country, will be assembled at a new USD\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/707888","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=707888"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/707888\/revisions"}],"predecessor-version":[{"id":707927,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/707888\/revisions\/707927"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/707870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/707889"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=707888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=707888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=707888"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=707888"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=707888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}